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pipeline project

Turkey, Iraqi Kurdistan agree on major energy pipeline

Source : Agencies | 06 Nnov 2013

Iraqi Kurdistan has finalised a comprehensive package of deals with Turkey to build multi-billion dollar oil and gas pipelines to ship the autonomous region's rich hydrocarbon reserves to world markets, sources involved in talks said on Wednesday.

The deals, which could have important geo-political consequences for the Middle East, could see Kurdistan export some 2 million barrels per day (bpd) of oil to world markets and at least 10 billion cubic metres per year of gas to Turkey.

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