Turkey to study pipeline for Iraq gas to run same route as Iraq oil pipelines…
Plus: *Iraq stops auctions, starts term contracts for Kirkuk oil *Iraq oil flow north to Turkey stopped, storage capacity blamed *One of three major Iraq refineries working *Oil Ministry reaffirms blockade of firms who sign with Kurds *Fight for Mosul escalates *Political tensions mount *Much more… Turkey has launched a feasibility study for a natural […]Turkey has launched a feasibility study for a natural gas pipeline connecting northern Iraq's fields to the Turkish port, parallel to the oil pipelines. Iraq has large natural gas reserves but the sector is undeveloped, with much of the associated gas burned with nowhere to go. United Press International reports Turkey is eyeing Iraq's gas as it further solidifies its role as a main transport hub for the world's hydrocarbons.
Iraq's Oil Ministry Sunday stopped auctioning its Kirkuk oil and began selling term contracts as production from the north has increased, UPI reports. The ability to continue such an output -- considering the threat of attacks on the infrastructure and other sector-related problems – isn’t a sure bet. Iraq’s production has been increasing slowly, to about 2.3 million barrels per day last month.
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