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 […]
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'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 […]
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 […]
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 […]
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 […]
The Financial Times reports that Genel Energy plans to build a pipeline that will connect its fields in the Kurdish regions in northern Iraq to a port in Turkey on the Mediterranean. Reuters reports that the pipeline will run from DNO's Tak Tak field to Faysh Khabour, which is the upstation in the northern part […]
Levels of violence fell slightly in Iraq over the past week, with incidents concentrated in Baghdad, Mosul, and an arc stretching from Taji in Salah ad-Din province to Ba’qubah in Diyala province. Ta’mim province also saw a scattering of incidents while there was at least one successful attack and one prevented in Basrah province. The […]
Iraq has reportedly resumed crude exports through its Kirkuk-Ceyhan pipeline at a rate of 400,000-450,000 bpd, after a suspension of six days. Iraq’s oil exports through the main oil pipeline from Kirkuk to Ceyhan in Turkey had stopped entirely due to leakage caused by erosion, according to Aswat al-Iraq. A source at North Oil Company […]
Following reports that the Kurdistan Regional Government (KRG) had suspended oil exports through the Iraq-Turkey pipeline, the KRG has issued the following statement: The Ministry of Natural Resources of the Kurdistan Regional Government would like to state that there has been no policy decision for suspending oil exports from Kurdistan via the Iraq-Turkey pipeline. Over […]
Reuters reports on Wednesday that Iraq has awarded a $472 million contract for an oil export facility expansion and sub-sea pipeline to the Italian group Saipem, a subsidiary of oil group Eni. Saipem will build a single point mooring buoy (SPM) with an export capacity of 900,000 barrels per day and construct a 50-kilometre pipeline […]
The Iranian Shana news agency reports that senior oil officials from Iran, Iraq and Syria have signed a trilateral deal on gas trade in Iran on Monday. The deal, reportedly worth 10 billion dollars [12 trillion Iraqi dinars] involves the construction of a 5,000-kilometer (3,100-mile) pipeline to transfer Iran’s gas from the South Pars gas […]
