Tag Archives | pipelines

Iraq and Jordan Consider Gas Pipeline

UPI reports that the Iraqi and Jordanian governments plan to meet in July to discuss the building of a natural gas pipeline between the countries. As its current supplies of natural gas from Egypt are unreliable, the Jordanian government has been considering securing natural gas supplies from other neighbouring countries. Last week, Iraq approved a […]

New Kurdistan-Turkey Pipeline could be Game-Changer

A plan to construct a new oil pipeline, with a capacity of 1 million barrels per day, between Iraqi Kurdistan and Turkey has drawn positive responses from many in the oil industry, according to a report from Investors Chronicle. Paul Atherton, finance chief of Heritage Resources, said: "This is an excellent opportunity for Heritage to […]

Dunia Weekly Iraq Market Tracker

Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]

Iran may Build Gas Pipeline in Iraq

The Tehran Times reports that Iraqi officials have expressed interest in using experts from Iran to build a section of a natural gas pipeline on their side of the border. Javad Oji, managing director of the National Iranian Gas Company, said talks with Iraqi officials in Baghdad resulted in agreements between the countries to move […]

Iraq Warns Turkey To Halt Kurdistan Pipeline Deal

Iraq has warned Turkey against following through with a deal to build new pipelines carrying oil and gas from Iraqi Kurdistan, reports International Business Times. Turkey signed the pipeline deal with the Kurdistan Regional Government on Sunday, bypassing the central government in Baghdad. The BBC quotes Ali al-Moussawi, an adviser to Iraq's president, as saying, […]

Drake & Scull "Close to Winning" $300m Iraq Deal

Dubai contractor Drake & Scull is reported to be close to winning a $300 million contract in Iraq. Chief executive Khaldoun Tabari said the contract will be the construction of an oil and gas pipeline in Basra, reports Reuters. “We are very close to finalizing the deal,” he said. Drake specializes in mechanical, electrical and […]

Denmark's Phoenix Bags $86m Basra Pipeline Contract

Danish company Phoenix International has signed an  $86m (100 billion IQD) contract with Basra Investment Commission for the production of oil pipelines. AKnews reports that Phoenix was granted the project licence for a ​​250-acre area in the town of Umm Qasr, in southern Iraq. The licence is for 35 years, which is subject to renewal. […]

Iran Announces $450m Gas Pipeline to Iraq

Iran's PressTV reports that the country's Gas Engineering and Development Company is planning to build a gas pipeline to export gas to Iraq. Ali-Reza Gharibi, the Managing Director of company, said on Friday that "the 48-inch gas pipeline to Iraq, which will run for 220 kilometers, will be a branch of Iran’s sixth national gas […]

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Iraq Pipeline Disruptions Threaten Reliability of Kirkuk Crude

JBC Energy, the Austria-based research firm, has said that disruptions at a pipeline network carrying Iraqi crude oil to the Turkish Mediterranean port of Ceyhan (pictured) have threatened the reliability of Kirkuk oil exports, Bloomberg has reported. "The closures and reduced flows seen over the last six months raise questions on the viability of Kirkuk […]

Iraq Approves Hormuz Oil Exports Contingency Plan

In an attempt to deal with any potential crisis should Iran close the Strait of Hormuz, Iraq has approved a plan to expand its oil export routes by adding capacity from its northern fields and building a pipeline to ship oil from southern oilfields to the Turkish port of Ceyhan (pictured), according to Reuters. "Short […]

Iraq Reviews Oil Pipeline to Saudi Arabia

Among the options being considered by Iraqi lawmakers to reduce dependence on the Strait of Hormuz, is the reopening an oil pipeline to Saudi Arabia that's been closed since the Gulf War in the 1990s. Currently, most of Iraq's oil exports are shipped by tanker from Basra through the Strait of Hormuz, but Iran has […]