Iraq Signs Contract for Third Offshore Pipeline Project
By John Lee.
Iraq has signed a contract for the construction of its third offshore pipeline to enhance the stability and flexibility of crude oil exports from its southern ports. The project, which is being executed by a consortium of Italian company Micoperi and Turkish company Esta, is designed to handle 2.4 million barrels per day.
The Minister of Oil, Hayan Abdul Ghani, stated that this project is a strategic initiative and aligns with the government's plan to ensure the stability and flexibility of crude oil export operations from southern Iraq's ports. The operational capacity of the pipeline will be approximately 2 million barrels per day.
The pipeline will allow for crude oil exports from three locations: Basra Port, Khor al-Amaya Port, and a floating platform.
The project, which has been approved by the Cabinet, involves laying a 48-inch pipeline with a length of 61 km offshore and 9 km onshore. It will also include two offshore platforms, one at Basra Oil Port and the other at Khor al-Amaya Port, as well as a floating buoy for crude oil export. Additionally, the project will include associated electrical, communication, and cathodic protection systems.
(Source: Ministry of Oil)
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