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Iraq to build oil pipeline network

Iraq to build oil pipeline network
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Mubasher: Iraq is planning to establish a pipeline network to carry oil products across all its territory as an alternative to expensive and hazardous transport by tanker truck, said the Iraqi oil minister Jabar Al-Luaibi on Saturday.

The network is part of a strategic plan for oil transportation that includes pipelines to deliver crude and oil products to neighboring countries, the minister added, as cited by Reuters.

Iraq and Kuwait recently reached an agreement on the pricing of the exported gas unit from the Iraqi southern fields.

Iraq also recently announced that it has hired Japan’s Toyo Engineering to help build a gas pipeline to Kuwait and a related petrochemical plant.

The imports will help Iraq to reduce flaring and finish paying reparations owed for its 1990 invasion of Kuwait.

Last week, the United Nations (UN) Security Council end Iraq’s obligation of the Oil-for-Food program.

After the invasion of Kuwait in 1990, the UN Security Council imposed Chapter VII of the UN Charter on Iraq, which included a pack of sanctions.

The Oil-for-Food program was established by the United Nations in 1995 under the UN Security Council Resolution 986.