Turkey, Iraq sign deal to extend use of Kirkuk- Ceyhan pipeline.

By bne IntelliNews September 20, 2010
The governments of Turkey and Iraq renewed the existing contract to extend the use of Kirkuk-Ceyhan oil pipeline for 15 years. According to the renewed deal, the pipeline will transfer annually 20mn tonnes of Iraqi oil to the Turkish port of Ceyhan this year while the volume of transferred oil will be increased to 27mn tonnes in 2001, 32mn tonnes in 2012 and 35mn tonnes in 2013 after that year the pipeline will transport oil at its fully capacity which is annually 70.9mn tonnes. According to daily Sabah Turkey will gain a revenue of USD 7bn from the transport of the Iraqi oil over the next 15 years.

Related Articles

PKK leader Ocalan calls for ceasefire and withdrawal of militants from Turkey.

The jailed leader of the PKK, Abdullah Ocalan, called for a ceasefire on Thursday, ordering armed PKK militants to withdraw from Turkey. Hundreds of thousands of people gathered in the city of ... more

Syrian government says Turkey responsible for chemical attack.

The Syrian government said the rebel groups foreign supporters, Turkey and Qatar, were responsible for a chemical attack in Aleppo. The countries that back and support the rebels, including ... more

Erdogans comments on Zionism clouds US secretary of states Turkey visit.

US secretary of state John Kerry was in Ankara on Friday for talks with the Turkish leaders, including PM Recep Tayyip Erdogan and President Abdullah Gul, focused on the crisis in Syria, ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335