Turkey only stable route for Iraqi oil

Turkish Energy Minister Taner Yildiz said "the cooperation between Turkey and Iraq will serve both countries' interests."

Turkey only stable route for Iraqi oil

World Bulletin / News Desk

Turkey offers the stable environment for the transfer of oil from northern Iraq to Europe which Syria lacks, Turkish Energy Minister Taner Yildiz said Tuesday.

Taner Yildiz told a press conference in capital Ankara that although respectful for alternative projects: "a pipeline in today's Syria is unlikely to function properly."

He said that Turkey is ready to export Iraqi oil to Europe, and any issues interrupting supply were down to Iraq's internal problems.

"The more export Iraq makes, the more income they will generate," he said. "I hope that our Iraqi friends will settle the disputes among themselves."

Yildiz said on January 2 that crude oil from northern Iraq had started flowing to Turkey's Mediterranean export hub in Ceyhan.

The oil, however, remains in containers and is yet to leave Turkish shores.

"The cooperation between Turkey and Iraq will serve both countries' interests, but there might be some countries who are not happy with this cooperation," Yildiz said, pointing to external factors causing the delays in the signing of the necessary agreements between the two countries.

Last Mod: 15 Ocak 2014, 10:25
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