The closure of the Strait of Hormuz has reinforced the importance of the Iraq-Turkey Pipeline, now Iraq’s only functioning export route following the suspension of Gulf exports. With the waterway’s long-term viability undermined by the threat from Iran, Ankara has renewed calls to expand the ITP and link it directly to Iraq’s major oil fields in Basra, though political, commercial and logistical hurdles remain.
Diversifying supply routes from the Middle East to avoid disruptions in the future is also an energy security concern for consumers. The IEA’s Executive Director, Fatih Birol, spoke of the project’s importance to security of supply. In comments to Turkish newspaper Hürriyet on 19 April, he said: “I believe a Basra-Ceyhan pipeline could be extremely attractive, a project of paramount importance for Iraq and Turkey and regional supply security – especially for Europe.” (CONTINUED - 2117 WORDS)