New oil estimates indicate a serious study of a mega-project aimed at transporting approximately two million barrels of oil daily from the southern Basra fields directly to the Turkish port of Ceyhan via a new strategic pipeline. The figures speak
of billions of dollars in investments to construct this infrastructure, which will represent a safe haven for Iraq's oil exports, far from the volatility of the Strait of Hormuz, which currently accounts for the export of over 80% of Iraq's
production. Initial feasibility studies by the International Energy Agency indicate that this pipeline will shorten shipping distances to European markets and sharply reduce maritime transport costs. If this massive numerical project is realized, it will ensure a stable flow of
Iraqi sovereign revenues and transform Iraqi and Turkish territories into an indispensable global energy corridor for decades to come.
