Tag: pipelines
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Iraq is trying to revive oil pipelines with 3 Arab countries, led by Saudi Arabia
Iraq is working to revive oil pipelines with Saudi Arabia, Jordan and Syria, after stopping the flow through Turkey led to a decline in Baghdad’s exports by about 500,000 barrels per day. Baghdad is seeking to find permanent and alternative outlets for its oil exports, amid plans to increase production to 8 million barrels per…
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The oil pipelines in Ecuador stop after a landslide…and the declaration of force majeure
The oil industry in Ecuador is facing a new turn, which led to the declaration of force majeure on exports and production for a period of nearly two weeks, after a landslide caused the closure of a number of pipelines. Petro Ecuador and the independent pipeline operator OCP decided to suspend operations and transportation through…
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Kazakh oil is preparing to increase supplies through the Caspian Sea pipelines in 2023
In the second year after the outbreak of the Russian-Ukrainian war, the Caspian Sea Pipelines Consortium (CPC) announced its willingness to increase supplies of Kazakhstani oil in 2023, which may contribute to alleviating global demand concerns. The Director General of the Caspian Sea Pipelines Union, Nikolai Gorban, said that the expected increase in supplies during…
