Latest news with #Italian-Turkish
Iraqi News
16-04-2025
- Business
- Iraqi News
Ministry of Oil: New Offshore Pipeline Connects 3 Strategic Export Ports
Baghdad – INA The Ministry of Oil clarified details of the third offshore pipeline project on Wednesday, confirming that the project will enhance crude oil export capacity from the southern region, with a design capacity of 2.4 million barrels per day, by connecting three strategic ports. Basem Abdul Karim, Director General of the Basra Oil Company, told the Iraqi News Agency (INA): "The third offshore oil export pipeline project is one of the strategic projects to which the government has attached great importance," indicating that "the project will enhance export capacity from the south and contribute to a tangible increase.". He added that "the project consists of a 48-knot offshore pipeline extending 61 kilometers offshore and 9 kilometers onshore." He noted that "the pipeline connects three offshore platforms: the first for valves near the Basra oil port, the second near the Khor al-Amaya port, in addition to an SPM-4 export platform." Abdul Karim explained that "the project also includes vital support projects, including the marine pipeline, which includes communications, electricity, and electrical and communications control systems.". He explained that "a consortium of the Italian company Mycoperi and the Turkish company ESTA was selected to implement the project after a technical, commercial, and financial evaluation of four applicant companies, under the supervision of the project's accredited Japanese consultant.". He pointed out that "the two companies submitted a comprehensive technical and commercial proposal for the construction of the pipeline and all its systems. The project was referred by the subcommittees of the Basra Oil Company, then through the Central Committee of the Ministry of Oil and the Ministerial Energy Committee, finally to the Council of Ministers, which officially approved its transfer to the Italian-Turkish consortium.". He emphasized that "the project connects three main ports: the Basra Oil Port, the Khor al-Amaya Port, and the SPM-4 export platform, with a design capacity of approximately 2.4 million barrels per day." He concluded by saying, "The project will be implemented over a two-year period, while initial operations of the Basra section will begin within 8 to 9 months, a period included within the project's full timeframe."
Iraq Business
20-03-2025
- Business
- Iraq Business
Italian-Turkish consortium to build Iraq Offshore Pipeline
By John Lee. Iraq's Council of Ministers has approved the awarding of the Third Offshore Pipeline Completion Project tender to an Italian-Turkish consortium. Italy's Micoperi and Turkiye's ESTA Construction will be given 757 days to complete the project. Micoperi describes itself as a leading contractor in the oil and gas offshore business for more 70 years; ESTA describes itself as a contracting company operating as a general contractor and project designer in international construction market. (Sources: PMO, DPD) Tags: Italy, Micoperi, pipelines, Turkey, Turkiye
New European
06-02-2025
- Business
- New European
Part-time Farage rakes in another £80k from side jobs
The latest reports of MPs' external earnings are out – and they once again reveal just how much Nigel Farage is raking it in for interests which have nothing to do with serving his constituents in Clacton. New entries to Parliament's register of interests show that the Reform leader received £45,286.80 last month for his presenting gig on GB News. With the time stated being 30 hours' work, that's a whopping £1,509.80 an hour to chat to his mates on camera. Since December Farage has also received £27,342.12 from the video messaging platform Cameo and £3,484.62 from X for his posts – considerably south of the £100m he had hoped to get from its owner, Elon Musk, but still a fair few pints of Old Scrote at Westminster's Feathers pub. He also got £3,715.47 for unspecified 'social media work' from Google. The latest entries mean Farage has now declared an extraordinary £647,000 of additional payments since becoming an MP last July, considerably more than his MP's salary of £91,346. No wonder he's so rarely seen on the Essex coast! The register also shows that Suella Braverman received £1,000 for a presenting stint on cabbies' favourite LBC last month put at five hours' work – although as it was the show in which she regaled listeners with an anecdote about visiting the Italian-Turkish border, despite no such thing existing, she may wonder whether it was worth it. And former chancellor Jeremy Hunt should be able to dip into his personal savings once more to save his seat come the next general election should he wish to, too. He received £22,800 for giving just two speeches, one for an investment event in New York and another to a financial services firm in London. All of which make Green co-leader Carla Denyer's declarations practicality virtuous – three tickets with an estimated total value of £112.50 to attend the premiere of Wallace and Gromit: Vengeance Most Fowl .
