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The oil arriving in Haifa was distilled in the Haifa refineries, stored in tanks, and then put in tankers for shipment to Europe. The pipeline was built by the Iraq Petroleum Company between 1932 and 1934, [2] [3] and during this period most of the area through which the pipeline passed was under a British mandate approved by the League of Nations.
The line's Iraqi part has been a principal sabotage target since 2003. [2] On 26 October 2009, the blast near Mosul halted oil supplies through the pipeline. [3] On 16 August 2013, at around 0100 GMT near the al-Shura area 60 km to the south of the city of Mosul a bomb attack damaged the pipeline. [4]
Iraq and Syria have discussed building several new pipelines, including a 1.5 million bbl/d pipeline carrying heavy crude oil, and a 1.25 million bbl/d pipeline for carrying light crudes. To the South: The 1.65 million bbl/d Iraq Pipeline to Saudi Arabia (IPSA) has been closed since 1991 following the Persian Gulf War.
The Iraq Petroleum Company (IPC), formerly known as the Turkish Petroleum Company (TPC), is an oil company that had a virtual monopoly on all oil exploration and production in Iraq between 1925 and 1961. It is jointly owned by some of the world's largest oil companies [1] [2] and headquartered in London, England. However, today it is only a ...
The Kirkuk–Baniyas pipeline is a currently defunct crude oil pipeline from the Kirkuk oil field in Iraq to the Syrian port of Baniyas. The pipeline went into operation in April 1952 and was formally opened in November. The new line looped the Tripoli branch of the 12-inch Kirkuk–Haifa oil pipeline and its 16-inch loop line. Four of the old ...
Kirkuk Field is an oilfield in Kirkuk, Iraq.It was discovered by the Turkish Petroleum Company at Baba Gurgur in 1927. The oilfield was brought into production by the Iraq Petroleum Company (IPC) in 1934 when the 12-inch pipelines from Kirkuk (British-ruled Mandatory Iraq) to Haifa (Mandatory Palestine) and Tripoli (French-ruled Greater Lebanon) were completed.
A year after the closure of the Iraq-Turkey oil pipeline, the conduit that once handled about 0.5% of global oil supply is still stuck in limbo as legal and financial hurdles impede the resumption ...
North Oil Company: Energy Oil & Gas Kirkuk: 1928 Exploration & production S A Qi Card: Financial services Credit cards & payment systems Baghdad: 2007 Semi-public corporation P A Rafidain Bank: Financials Banks Baghdad: 1941 Largest bank in Iraq S A Rasheed Bank: Financials Banks Baghdad: 1988 Second largest bank in Iraq S A Real Estate Bank of ...