Iraq has launched its latest oil export infrastructure expansion project; a new pipeline that would carry crude from southern Iraq across Jordan to the port of Aqaba on the Red Sea. When completed, the pipeline would carry crude from the southern oil fields in Basrah and Missan, as well as the Midland fields such as Nassiriya, Gharaf and Badra to be exported through a new terminal, primarily to markets in…
Tag: infrastructure
What’s Next for Iraq’s Oil & Gas Industry
As the IOCs are moving now towards fulfilling the requirements of the rehabilitation and preliminary development plans of the first phase of the contracts of the mega projects starting to prepare enhanced and final development plans for the second phase and ramping up of production towards the PPTs, many discussions arose and opinions were expressed about the need, or otherwise, for revising the PPTs downwards, increasing the time allowed to…