The head of the International Energy Agency (IEA) proposed building a new oil pipeline linking Iraq’s Basra oil fields and Turkey’s Mediterranean oil terminal in Ceyhan to bypass the currently blockaded Strait of Hormuz, in comments published on April 19.
IEA Executive Director Fatih Birol said he believed a “Basra-Ceyhan pipeline could be extremely attractive and a very important project for both Iraq and Turkey, as well as for regional supply security, especially from Europe’s perspective,” in an interview with Turkish newspaper Hurriyet.
