Latest news with #IraqPetroleumCompany
Ya Libnan
2 hours ago
- Business
- Ya Libnan
Iraqi Oil Ministry: We are studying the possibility of exporting oil through the Lebanese port of Tripoli.
The Iraqi Ministry of Oil announced that it is studying the possibility of exporting oil through the Lebanese port of Tripoli, noting that it will consider REVAMPING the oil export pipeline between Iraq and Syria. The ministry added that it will form a joint committee to assess the pipeline's condition. The announcement came during a visit by the Syrian Energy Minister to Baghdad to discuss cooperation in the oil, gas, and energy sectors. Iraq sent a high-level delegation to Damascus in April to assess the feasibility of renewing its oil pipeline with Syria, a step Baghdad is counting on to diversify its export outlets amid an expansion in its production capacity. the so called Kirkuk–Baniyas pipeline is a currently defunct crude oil pipeline built by the Iraq Petroleum Company from the Kirkuk oil field in Iraq to the Syrian port of Baniyas. The pipeline went into operation in April 1952 and was formally opened in November of that year Between 1982 and 2000 the pipeline was shut down by Iraq, due to Syrian support to Iran during the Iran–Iraq War. During the 2003 invasion of Iraq , the pipeline was damaged by U.S. air-strikes and remained out of operation since then. Iraq primarily exports its oil through its southern Basra terminals , which account for the majority of its exports and state revenue. Additionally, oil exports from the Kurdistan region are being delivered to the Iraqi State Oil Marketing Organization (SOMO) for export, following an agreement between Baghdad and the Kurdistan Regional Government.
Shafaq News
3 days ago
- Politics
- Shafaq News
Syrian Energy Minister to visit Iraq for talks on Kirkuk–Baniyas pipeline revival
Shafaq News – Damascus Syrian Energy Minister Mohammed al-Bashir will visit Iraq soon to discuss plans for rehabilitating the oil pipeline linking Kirkuk in northern Iraq to Syria's Baniyas port on the Mediterranean. In an interview with Syria's state-run al-Ikhbariya TV, al-Bashir considered the discussions as part of strengthening the relations with Baghdad. The Kirkuk–Baniyas line, once a key crude export route, was built by the Iraq Petroleum Company and began operations in 1952. It has been shut down repeatedly over the decades due to political disputes and regional conflicts. The pipeline was heavily damaged during US airstrikes in the 2003 Iraq war and has remained inactive since.
