Latest news with #StateCompanyforOilProjects
Iraq Business
25-05-2025
- Business
- Iraq Business
SCOP Completes Gas Pipeline Crossing Under Tigris River
By John Lee. The State Company for Oil Projects (SCOP) has completed a major horizontal directional drilling (HDD) operation to lay a 42-inch gas pipeline beneath the Tigris River in the Sayafiyah area, as part of the Mahmudiya-Bismayah project. The crossing spans 600 metres in length and reaches a depth of 22 metres, making it the longest and most significant crossing in the project. It was executed by Baghdad Projects Directorate, the team assigned to carry out the drilling operations. Ali Ward Hamoud, Director General of SCOP, described the project as a key component of the government programme to supply power stations with essential natural gas. The initiative is receiving direct oversight from Prime Minister Eng. Mohammed Shia' Al-Sudani and field supervision by Deputy Prime Minister for Energy Affairs and Minister of Oil, Eng. Hayan Abdulghani Al-Sawad. Hamoud highlighted the company's technical competence in executing strategic infrastructure projects to international standards, on schedule, and with full adherence to occupational health and safety regulations. (Source: Ministry of Oil)
Shafaq News
18-05-2025
- Business
- Shafaq News
Decades later: Iraq's oil refinery in Somalia resurfaces in spotlight
Shafaq News/ An Iraqi oil refinery built in Somalia in the 1970s under a joint deal with Mogadishu still exists, an overlooked legacy just now brought to light by economist Nabil Al-Marsoumi. In remarks to Shafaq News, Al-Marsoumi noted that the facility was built in 1974 by Iraq's State Company for Oil Projects with an annual refining capacity of 500,000 tons. He explained that Iraq financed the refinery's construction in foreign currencies, while Somalia's 50% share of the project's costs was to be repaid over three years after operations began, at a symbolic interest rate. Al-Marsoumi noted that the Somali president asked Iraqi Prime Minister Mohammed Shia al-Sudani, on the sidelines of the Arab League Summit held in Baghdad on Saturday, to rehabilitate the now-damaged refinery, signaling interest in restarting operations. 'Quite the surprise,' he said. 'Iraq has a refinery abroad and nobody even knew!'
Shafaq News
29-04-2025
- Business
- Shafaq News
Iraq's energy crisis: New pipeline a race against the clock
Shafaq News/ Iraq will begin commissioning a new gas pipeline from Khor Al-Zubair to Shatt al-Basra within days, aimed at offsetting reduced Iranian gas imports, the State Company for Oil Projects (SCOP) announces on Tuesday. The Head of the SCOP, Montaser Kazem, told Shafaq News that the next three days will see the project officially declared complete, after which testing and commissioning will begin, followed by the start of gas pumping operations. 'The project was completed in record time,' he said, noting that while the contractual timeline was 120 days, it was finished in under 90. Ali Shaddad, Spokesperson for the Iraqi Parliament's Committee of Oil, Gas and Natural Resources, said the pipeline will transport between 500 and 800 million standard cubic feet per day (Mscfd) of gas, running from the floating platform at Khor al-Zubair port to the connection point at Shatt al-Basra. The pipeline has a capacity of 42 inches in diameter. Shaddad added that the committee observed significant progress on the project and expects gas pumping to begin within days, boosting Iraq's electricity grid—especially in Basra province and across the country. 'This project will serve as a viable alternative to Iranian gas, particularly amid ongoing US sanctions and declining import volumes,' he pointed out. 'We are heading into a scorching summer.' In March 2025, the US government ended Iraq's sanctions waiver for importing Iranian electricity as part of its 'maximum pressure' campaign on Tehran, disrupting a key energy source that had supplied a significant share of Iraq's power generation. In response, Iraq is actively seeking alternative energy sources to mitigate the impact of reduced Iranian imports. Efforts include exploring gas imports from countries like Qatar and Oman, as well as investing in domestic energy infrastructure projects. These initiatives aim to enhance Iraq's energy independence and ensure a stable electricity supply, particularly during peak demand periods.
