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Turkey Will Construct a Separate Oil-Terminal for Kurdish Oil

Tuesday, March 18, 2014 - 19:07

Turkish company Starpet, which is one of the largest national oil distributors, is going to construct a specific oil-terminal with a total capacity of 1.9 mln. barrels at Ceyhan. This object will be intended for the oil coming through Kirkuk-Ceyhan oil pipeline from Iraq Kurdistan. At that, as a spokesman of the Turkish company reported, this terminal will be located not far from Botas terminal, and will occupy the area of about 300 hectares.

According to preliminary plans, project implementation will take about one year, starting from the moment of final investment decision.
As far back as a year ago the company presented the results of Environment Impact Assessment of the project. Now it reckons upon obtaining of permit for construction of the terminal at the end of March.
Some days ago the Minister of Energy and Natural Resources of Turkey, Taner Yildiz reported that volumes of oil delivered from Iraq Kurdistan to Ceyhan’s reservoirs have reached one million barrels. Also he emphasized that this oil is registered as Iraq’s, however, he didn’t clarify, whether Turkey would allow its export, or just accept it for safe custody, until the parties come to an agreement on the matter.
Besides, Turkish officiary in January mentioned that Botas company has contract obligations, connected with the storage of Iraq, but not Kurdish oil.
Today oil is delivered to Ceyhan from Kirkuk through one of the two parallel pipes, which make up Kirkuk-Ceyhan oil pipeline. This traffic artery has a through-put capacity of 1.6 mln. barrels.
At the moment the total capacity of Botas oil terminal in Ceyhan is 9.5-10 million barrels.



URL of this article:
http://easttime.info/news/turkey/turkey-will-construct-separate-oil-terminal-kurdish-oil