Oil calls on international companies to invest in the implementation of the Iraqi-Turkish crude oil pipeline

Oil calls on international companies to invest in the implementation of the Iraqi-Turkish crude oil pipeline



Sunday, December 24,

Alsumaria News / Baghdad
called on the Ministry of Oil and local and international specialized companies, Sunday, to participate in the implementation of a project to extend the new oil export pipeline, which extends from the fields of Kirkuk to the Iraqi - Turkish border.

" The oil projects company called on local and international companies to participate in the implementation of a pipeline project for oil exports from the fields of Kirkuk to the Iraqi-Turkish border and along the pipeline of the old strategic oil exports through the port of Ceyhan," said a spokesman for Asim Jihad , .

Jihad added that "the length of the pipeline is about 350 kilometers and a diameter of 48 knots and more than one million barrels per day," adding that "the project is implemented in the form of investment (Boot) building, (ownership, operation, transfer of ownership) And then recover the costs after running the pipeline according to the agreed period of time, ie, the government and the ministry will not bear or pay any funds or expenses on the project at the present time only after the operation of the project.

"The project includes the establishment of a pipeline for gas, pumps, tanks and other accessories and integrated services," noting that "the contract requires the winning joint companies with the participation of local companies by not less than 25% within the coalition."

Jihad pointed out that "the oil projects company set the date of twenty-fourth of January 2018 deadline for the submission of the participation letter."

The Iraqi oil ministry has previously announced its intention to extend a new pipeline to replace the old part severely damaged from the line of Kirkuk - Ceyhan, which is suspended from work.

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