twitter
youtube
instagram
facebook
telegram
apple store
play market
night_theme
ru
arm
search
WHAT ARE YOU LOOKING FOR ?






Any use of materials is allowed only if there is a hyperlink to Caliber.az
Caliber.az © 2025. .
REGION
A+
A-

Oil flow via Iraq-Türkiye pipeline to resume this week: Turkish energy minister

02 October 2023 16:31

The Iraq-Türkiye oil pipeline that transports Iraqi crude from Kirkuk to export facilities in Ceyhan on the Turkish Mediterranean coast will resume operations this week and transmit 500,000 barrels of oil per day to global markets, Türkiye’s energy minister said on October 2.

The 970-kilometre-long pipeline, which has been in use for the previous 45 years but was damaged by the devastating earthquakes that struck Türkiye in February, will resume this week, Alparslan Bayraktar confirmed, Anadolu reports.

Speaking on the sidelines of the ADIPEC Exhibition and Conference in Abu Dhabi, the energy minister relayed the country’s energy ambitions to become an energy trading hub, which he said was one step closer to realization given the recent gas supply agreements signed with Romania, Hungary, Bulgaria, and Moldova.

The country’s energy priorities also include the supply of reliable and affordable energy to its citizens to meet growing demand, along with its aim to decarbonize the country’s economy.

“Demand is growing in Türkiye and to meet this growing demand, we need a lot of investment in power, gas and oil,” Bayraktar said, given the expectations that electricity demand in the country will grow by 3.7% over the next two decades.

Bayraktar said Türkiye is heavily investing in renewable resources to help meet growing local power demand, reduce energy dependency on foreign resources and contribute to the country's decarbonization.

The country is also diverging towards nuclear power and is constructing its first nuclear plant in Mersin in the country’s south, with the goal of reaching over 20 gigawatts of nuclear power generation with large-scale conventional as well as small modular reactors.

“We have a very ambitious plan to add each and every single year five gigawatts of solar and wind capacity, and we would also like to use nuclear as an important decarbonization tool,” Bayraktar said.

Natural gas will also aid the country in its energy transition goals.

“We are also investing heavily in upstream projects for natural gas because we see that natural gas will play a crucial role in our energy transition. That's why we are investing heavily in upstream projects together with some potential partners,” he said.

Caliber.Az
Views: 139

share-lineLiked the story? Share it on social media!
print
copy link
Ссылка скопирована
ads
youtube
Follow us on Youtube
Follow us on Youtube
REGION
The most important news of Armenia, Georgia, Turkey and Iran
loading