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Abdul Kareem Luaibi

Abdul Kareem Luaibi, Iraq’s Oil Minister, said on Wednesday his country hoped to complete construction of a 125 mile oil pipeline by the end of this year.

When the pipeline is complete, Iraq hopes to increase oil exports to Turkey to over 1 million bpd.

Luaibi told Reuters, “We are building a pipeline in Iraq. I believe the daily oil flow will exceed one million barrels a day when that line is completed. I hope it happens this year.”