Latest news with #Micoperi
Iraq Business
15-04-2025
- Business
- Iraq Business
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)
Asharq Al-Awsat
14-04-2025
- Business
- Asharq Al-Awsat
Iraq Signs Contract to Construct Offshore Crude Export Pipeline With 2.4 Million Bpd Capacity
The Iraqi Oil Ministry said on Sunday that Baghdad has signed a deal to establish a subsea oil pipeline for exports via its southern ports. The project is in cooperation with Italian offshore contractor Micoperi and Türkiye's Esta for a pipeline with capacity of 2.4 million barrels per day (bpd), the ministry said without providing further detail on the destination of the exports. 'The state-owned Basra Oil Company signed a contract on Sunday to implement the third offshore export pipeline project with a consortium of the Italian company MICOPERI and the Turkish company ESTA, with a design capacity estimated at 2.4 million barrels per day,' said the Iraqi news agency quoting a statement by the Ministry. The statement said it is 'an important strategic project and is part of the government's program. It aims to ensure flexibility and stability for crude oil export operations from the southern ports'. The Ministry also explained that the project's flexibility lies in the ability to export crude oil from three ports: Basra Port, Khor al-Amaya Port, and the floating platform.
Zawya
14-04-2025
- Business
- Zawya
Iraq signs deal for 2.4mln bpd subsea oil pipeline
CAIRO: Iraq has signed a deal to establish a subsea oil pipeline for exports via its southern ports, the country's oil ministry said on Sunday. The project is in cooperation with Italian offshore contractor Micoperi and Turkey's Esta for a pipeline with capacity of 2.4 million barrels per day (bpd), the ministry said without providing further detail on the destination of the exports. (Reporting by Muayad Suadi Writing by Jaidaa Taha and Menna Alaa El Din Editing by David Goodman)
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
