2018-06-12
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SULAIMANI – Oil Minister, Jabar al-Luaibi said on Tuesday (June 12) that Iraq has reconstructed and opened an oil pipeline that stretches between Kirkuk, Baiji, and Baghdad.
The 180-km pipeline has the capacity to transport more than 40,000 barrels per day and will supply fuel to generate electricity for areas in northern Baghdad, he said.
It will lower the cost of the oil flowing from Kirkuk oil field, as there is no longer the need for tanker trucks, he added.
Kirkuk is believed to have close to 8.7 billion barrels of oil – approximately 30 percent of Iraq’s total oil reserves.
The five fields of Baba Gurgur, Havana, Bai Hassan, Jambu, and Khabbaz have a total output of around 470,000 barrels of oil per day.
(NRT)