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With $4 billion, a Turkish-Chinese competition for a water project in Iraq DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

With $4 billion, a Turkish-Chinese competition for a water project in Iraq

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With $4 billion, a Turkish-Chinese competition for a water project in Iraq Empty With $4 billion, a Turkish-Chinese competition for a water project in Iraq

Post by RamblerNash Sun Oct 17, 2021 9:08 pm

With $4 billion, a Turkish-Chinese competition for a water project in Iraq 933782-b8148a83-0132-484f-8fe7-ddbec121fe30
Sunday 17 October 2021 19:11
 
Istanbul / NINA / - Turkey and China are competing to win a huge water project in Iraq with a total cost of 4 billion dollars.

The Turkish economic newspaper, “offshore-technology”, said in a news report today: The two Turkish companies, Tekfen, and China Petroleum Pipeline, are competing to obtain a contract for an Iraqi water project pipeline from sea water supplies to Basra to be pumped into oil fields to facilitate the process of extracting oil by pressure operations.

The economic newspaper indicated that the Turkish company is the most likely to win the contract.

In addition to the Turkish and Chinese companies, two additional companies are competing for the water project contract, namely Petrofac, owned by Britain and China, Hyundai Engineering and Contracting, owned by South Korea, and Saipem, Italy.

The water will also be transported by pipeline from the sea and purified at large treatment plants.

Experts and observers believe that the project is of strategic importance for Iraqi oil production, as the lack of water in the Basra region restricts

oil production in many of the country's largest oil fields when they mature. The water shortage also causes political problems and social unrest as a result of the loss of some oil fields./End

https://ninanews.com/Website/News/Details?key=933782
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