The Minister of Energy and Natural Resources, Alparslan Bayraktar, announced that the river of the Iraq-Turkey-Rohölpipeline, which was temporarily closed on February 6, 2023 due to earthquakes, and was ready by Botaş on October 4, 2023 that the river began again on September 27th.
The implementation of the pipeline, which has a total of 1.5 million barrel barrels a day, will probably contribute to the safety of the energy supply security of Türkiye and increase the variety in global markets.
The Iraqi Ministry of Oil announced that crude oil from areas with the Iraqi Kurdish regional government (KRG) will be delivered to the Iraqi oil marketing company (SOMO) and is exported via the Iraq turkey pipeline via Ceyhan port.
As part of the Agreement between the IKR, Ministry of Oil and Somo and Oil Producers, around 200,000 barrels of crude oil are moved to Ceyhan port in the first stage.
Minister Bayraktar said that in July AA editorial desk in July had a trading potential of $ 40 billion in the event of a complete capacity and that Iraq could offer 40 percent of 4 million barrels of oil exports into the world.
“The capacity of the line is up to 1 percent of world production”
John Roberts, senior researcher of the Atlantic Council, said that Turkey's line would benefit, even though they do not play a very serious role in the global markets.
“The line has more than 1 million barrel oil transport capacity per day. This corresponds to about 1 percent of world production and helps with regard to general care. However, it cannot achieve full capacity because we do not know the current situation of the line.” rated.
Roberts emphasized that there is no problem in Europe in Europe, and said: “Oil can come directly from the golf areas, sometimes you can be transferred from North America. Oil consumption in Europe is a smaller element than the past in balance of energy.” He said.
Roberts pointed out that the most important critical element of Türkiye in terms of energy security is the generation of natural gas in the Sakarya field and said: “It is very important that Türkiye's demand for imported gas will decrease by increasing its own gas production from the Sakarya field.
“Iraq must diversify the supply resources”
Lecturer of political science at the University of Oslo University. Member Francesco Sassi said that improving the pipeline will not have a significant influence on the European Union and the regional energy markets.
Sassi said that the operators have found alternative sources of supply in the past 2.5 years, especially due to surpluses and low prices from last year.
Sassi that the conversion of the line offers information on the energy policy of Iraq, Krg and Türkiye triangle, said Sassi:
“Iraq has to diversify the supply resources by reducing the dependence on Hormuz's street, where the threats to adopt energy products due to geopolitical tensions in the Middle East are often on the agenda.
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