World

Bolivia

Peru

Trinidad &
Tobago

Venezuela

Institutional
links

Services
& Products

Welcome back on
26 -29 August,
ONS 2008

Bridging the energy gap
is ONS 2006 theme,
from 22-25 August,
in Stavanger, Norway

Centre for
Global Energy
Studies

 

 

Iran, Iraq sign oil pipeline deal

AFP
TEHRAN
Petroleumworld.com 08 13 07

Iran and Iraq signed an agreement to build pipelines for the transfer of Iraqi crude oil and oil products, the state-run Iran news network Saturday quoted the oil ministry as announcing.

The 32-inch (81-centimetre) pipeline will bring crude from the southern Iraqi port of Basra to the southwestern Iranian port of Abadan. There will be a separately 16-inch one for oil products.

Under the deal, Iran would buy 100,000 barrels of Iraqi crude to be refined in the southern port of Bandar Abbas, then sell the product back to Iraq. The accord would have no upper limit on quantities.

The report did not say when the pipeline will be built or who will pay for it.
In August 2006, Tehran and Baghdad signed a memorandum of understanding for Iran to refine 100,000 barrels per day of Iraqi crude in return for two million litres per day of refined products.

Iraq has the world's third-largest proven reserves of crude but has faced chronic shortages of refined products ever since the US-led invasion of 2003, as insurgents have targeted its oil infrastructure.

The Iraqi government has been forced to import refined products from a number of neighbouring countries.

Relations between Iraq and Iran, which were at war from 1980-88 when Saddam Hussein was in power in Baghdad, have improved markedly since a Shiite-led full-term government took power this year.

The agreement was signed on Friday by visiting Iraqi Oil Minister Hussein al-Shahristani and his Iranian counterpart, Kazem Vaziri Hamaneh.

Sharistani's visit to Tehran comes two days after one by Iraqi Prime Minister Nuri al-Maliki, in which he had talks with officials that reinforced growing bilateral ties.

AFP 11 0942 GMT 08 07

Copyright© 2007 AFP. All rights reserved.

 

 

Send this story to a friend

Your feedback is important to us!

We invite all our readers to share with us
their views and comments about this article.

Write to editor@petroleumworld.com

Any question or suggestions, please write to:
editor@petroleumworld.com

Best Viewed with IE 5.01+
Windows NT 4.0, '95, '98 and ME +/ 800x600 pixels

Contact:editor@petroleumworld.com/phones:(58 412) 996 3730 or 952 5301
www.petroleumworld.com-Editor:Elio Ohep /Publisher-Producer:Elio Ohep.
Contact Email: editor@petroleumworld.com
Legal Information. CopyRight © 2002, Elio Ohep.- All rights reserved

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.