9,612.84 TRY BIST 100 BIST 100
37.83 USD USD USD
5.24 CNY CNY CNY
40.78 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
45.53 TRY Interest Interest
73.74 USD Fossil Oil Fossil Oil
34.28 USD Silver Silver
5.09 USD Copper Copper
103.77 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,761.14 TRY Gold (gr) Gold (gr)

Kerkuk-Ceyhan pipeline to be reopened

Iraq will reopen the Kerkuk-Ceyhan pipeline, which could send 350,000 barrels per day to Türkiye.

Kerkuk-Ceyhan pipeline to be reopened

The Kerkuk-Ceyhan pipeline, which has been closed for ten years, is now on a new route following the stalled negotiations in the Kurdish Regional Government of Iraq. According to Iraq's Deputy Oil Minister Basim Mohammed, the opening of the pipeline will allow Baghdad to send 350,000 barrels per day (bpd) of oil to Türkiye by the end of the month.

Recently, positive reflections have been seen in Iraq-Turkey bilateral relations, followed by a statement from Iraq on the issue. While the Baghdad administration has not been favourable to the Iraq-Kurdish Regional Government's agreement with foreign companies to exchange production for some time, according to the statement made, the decision was to open an unused pipeline to Türkiye.

Iraqi Deputy Oil Minister Basim Mohammed said, "Repair work is underway and a large crude oil pumping station with storage facilities has been completed. The pipeline will most likely be operational and ready to restart flows by the end of this month."

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Türkiye stands out with full capacity utilization in EU quotas

Thursday, March 27, 2025

The Far East and the Arctic will participate in the construction of an ice-class fleet

Friday, March 28, 2025

Molan Steel's losses increased in 2024

Saturday, March 29, 2025

South African Steel Producers' call for assistance

Saturday, March 29, 2025

Turkeybuild Istanbul is set to shape the industry

Saturday, March 29, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now