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By John Lee.
Turkish mills’ pipe exports to Iraq have reportedly risen by 10.3 percent year-on-year for the first three quarters of this year.
According to S&P Global Platts, Iraq bought 139,000 mt of steel pipe during the period.
(Source: S&P Global Platts)
By John Lee.
Turkish mills’ pipe exports to Iraq have reportedly risen by 10.3 percent year-on-year for the first three quarters of this year.
According to S&P Global Platts, Iraq bought 139,000 mt of steel pipe during the period.
(Source: S&P Global Platts)
By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.
New pipeline in works to transport Iraqi oil to Turkey
Ankara and Baghdad are working toward building a new oil pipeline with the capacity to transport one million barrels per day from Iraq’s Kirkuk fields to the Turkish border.
“The Iraqi government is now examining tenders for the new oil pipeline between Iraqi and Turkey, after having finished with the engineering and technical studies,” Iraqi Ministry of Oil spokesperson Assem Jihad told Al-Monitor recently.
He added that construction will probably get underway in 2020.
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News.
Iraq is planning to build a new oil pipeline to Jordan which it is banking on to revive revenue sources, after years of war and instability.
In addition to expanding refineries and oil fields, Iraq is also planning to rehabilitate a pipeline via Turkey.
But it is not the first time Iraqis have heard plans like these and many say they will believe it when they see some change in their lives.
Al Jazeera’s Osama Bin Javaid visited Basra refinery in the third part of his series on Iraq’s energy sector:
By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.
Iraq plans to launch pipelines to export oil through Jordan, Syria
As Iraq exports most of its crude oil production, the Iraqi government is trying to diversify its oil export outlets in a bid to avoid any damage that could result from the tense security situation in the Gulf region.
Iraqi Prime Minister Adel Abdul Mahdi said in a press conference July 9 said that the government was considering export routes through Syrian and Jordanian territory, and added that Baghdad is “worried about the current events in the Strait of Hormuz and their potential impact on the Iraqi economy.”
By John Lee.
The Iraqi Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister, Adil Abd Al-Mahdi, at which it discussed a series of recommendations by the Ministerial Committee for Energy regarding a number of strategic projects aimed at increasing Iraq’s oil production and exporting capacities.
The Cabinet approved the proposed Iraq-Jordan oil pipeline, and the construction of offshore oil exporting facilities in Iraq’s territorial waters in the Gulf.
it also discussed a number of infrastructure and service projects and approved a proposal from the Ministry of Construction and Housing for a pedestrian bridge in the Gherai’at area in Baghdad.
The Cabinet also approved several measures to encourage Iraqi, Arab and international investment in Iraq, including further action to cut red tape and streamline procedures.
The Cabinet approved a draft law on the accession by the Republic of Iraq to the 1997 Protocol to amend the International Convention for the Prevention of Pollution from Ships (1973) as modified by the 1978 Protocol.
(Source: Govt of Iraq)
By John Lee.
The Speaker of the Lebanese Parliament has reportedly called for the restoration of an oil pipeline between Iraq and Lebanon, which ceased operation during the Iran-Iraq war more than 30 years ago.
On the last of a four-day visit to Iraq, during which he met with Iraqi President Barham Salih, Nabih Berri is also quoted as saying:
“We discussed Lebanese investment in Iraq and especially the subject of the oil installations between Kirkuk and Tripoli, a topic we must return to.”
(Sources: Al Bawaba, Office of the Iraqi President)
Iraq announced on Thursday the completion of the “technical preparations” to extend a pipeline to export one million barrels of oil per day through Jordan, Petra has reported.
“The export capacity of the Basra-Aqaba pipeline, which runs through Jordan, is expected to reach one million barrels per day (bpd),” Iraqi oil minister, Thamir Al-Ghadhban, said in a statement.
Al-Ghadhban explained that Iraq had completed the planning arrangements of the pipeline’s construction work. “The arrangements included its [the pipeline’s] track, components, absorptive capacity, the mechanisms of linking it to the northern Kirkuk oil fields, funding sources, and implementation and operational means,” he said.
The Iraqi official stressed that his country was only depending on the southern portal city of Basra for oil exports, noting that the ministry has prepared “a major plan for its rehabilitation and development with the aim to increase its export capacity levels.”
The government, Al-Ghadhban pointed out, plans to establish three linked crude oil exporting ports.
Baghdad and Amman recently concluded six bilateral agreements to develop their relations, most notably in the oil and energy sectors. The two governments said the agreements aimed at “revitalising” their economies and strengthening ties between Iraq and Jordan.
(Source: Middle East Monitor)
By John Lee.
Prime Minister Adil Abd Al-Mahdi and Jordan’s Prime Minister Dr. Omar Razzaz have agreed a series of measures to increase cooperation between the two countries.
Following a meeting at the weekend, they announced that, among other steps, they will finalize the framework agreement for the Iraqi-Jordanian pipeline which will run from Basra through Haditha to Aqaba in the first quarter of 2019.
The full (unedited) list of measures outlined in their joint statement is shown below:
In the transport sector:
In the industry and trade sector:
In the financial sector:
In the energy sector:
In the agriculture sector:
In the communications and IT sector:
(Source: Media Office of the Iraqi Prime Minister)
Iraq is pursuing major infrastructure projects to add millions of barrels per day of export capacity, in an effort to keep pace with ambitious plans to raise production.
In the short term, the Oil Ministry is looking to jump-start work on a long-delayed pipeline contract with the Australian company Leighton Offshore.
Beyond that, Iraq is looking to commission new offshore pipelines and to build an artificial island, the latter of which is likely to be contracted to the Dutch firm Boskalis.
More details here from Iraq Oil Report (subscription required)
(Source: Iraq Oil Report)