The 75km-long, upcoming Iraq Crude Oil Export Expansion Project (Phase III) will be operated by Basra Oil. This shallow water, oil pipeline, with a maximum diameter of 48 inches, will start in Persian Gulf (Iraq) and ends in Al-Basrah (Iraq).
The Iraq Crude Oil Export Expansion Project (Phase III) is expected to commence operations in 2022 and will be owned by Ministry of Oil, Iraq.
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During the period 2021-2025, the Iraq Crude Oil Export Expansion Project (Phase III) is expected to witness an estimated capex of $106.75m.
Contractors involved in the Iraq Crude Oil Export Expansion Project (Phase III):
Some of the key contractors for the Iraq Crude Oil Export Expansion Project (Phase III) include –
Main EPC: CIMIC Group, LYE Asia Pacific Sdn.
About Basra Oil
Basra Oil Co (BOC) formerly known as South oil company is a state-owned oil and gas company in Iraq. The company explores and produces crude oil and natural gas. Its services include drilling works, building and expanding production facilities and implementing investment projects. The company also operates in developing fields in Luhais, Saba, Nuhran Ben Ummer. BOC’s oil fields in Maysan layout export the pipeline, expanding export facilities and infrastructure sites. The implementing investment projects are associated with the natural gas fields in the north and south Rumaila. It was formerly known as The State National Institution for Oil. BOC is headquartered in Basrah, Iraq.
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Methodology
Information on the pipeline is sourced from GlobalData’s Oil & Gas Pipelines database that provides detailed information on all active and upcoming, crude oil, natural gas, petroleum products and Natural Gas Liquids (NGL) trunk pipelines globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.
