Committees concerned with the energy file in the Council of Ministers revealed a comprehensive official study of proposals and offers submitted by international companies and energy agencies to construct a new strategic oil export pipeline extending from Basra to the Turkish port of Ceyhan. This governmental inclination is in line with the Ministry of Oil's strategic vision aimed at multiplying and diversifying sovereign export outlets. Officials confirmed that this project is currently undergoing precise technical and financial evaluations to ensure it achieves the highest economic returns and benefits for Iraq, and to secure a safe and effective route for exporting Iraqi crude away from regional maritime tensions. The specialized committees are conducting continuous dialogues with the Turkish side to crystalize the draft of necessary bilateral agreements, ensuring Iraq's sovereignty over its resources and its rights in managing and transporting its national wealth in accordance with approved international standards and agreements in this regard.
Eco
Apr 20, 2026
1 min read
Government Discusses International Offers to Construct a Strategic Northern Export Pipeline
M
MN Iraq News Editorial Team
You Might Also Like
Notable Rise in Global Oil Prices, with Brent Crude Surpassing the $115 Mark
8 hours ago
Al-Rafidain Bank Begins Receiving Applications for the Second Batch of Electronic Advances for Employees and Retirees
8 hours ago
Preparations for Holding the Baghdad International Energy Investment Forum with the Participation of Top Global Company Leaders
8 hours ago