Iraq has shortlisted 12 international companies and consortiums to build the country's first oil export pipeline in decades, and will ask them to submit their bids by the end of this year for an $18 billion project that will make the country less dependent on Persian Gulf export terminals, two oil industry sources said Wednesday.
Iraq
has
shortlisted 12 international companies and consortiums to build the country's
first oil export pipeline in decades, and will ask them to submit their bids by
the end of this year for an $18 billion project that will make the country less
dependent on
Persian Gulf
export terminals, two oil
industry sources said Wednesday.
Iraq
's oil
ministry has chosen these companies out of more than 80 international companies
which submitted their credentials to build a section of the 1, 680-kilometer
pipeline stretching from the oil hub of
Basra
in
southern
Iraq
to
Jordanian
port
of
Aqaba
in
the
Red Sea
, the first person said.
The short-listed companies and consortiums are: Lukoil OAO Holdings, China
National Petroleum Corporation, Marubeni Corporation, Mitsui & Co. Ltd.,
Toyota Tsusho, Punj Lloyd (India) and Mass Global International (Iraq), Saipem,
Daewoo International Corporation, Consolidated Contractors Company, or CCC
(Greece), Go Gas, L&T and Fuis Capital Ltd., Petrofac and
Stroygazconsulting, or SGC, and Orascom and Petrojet (Egypt).
SCOP will invite the short-listed companies to receive the tender package, the
second person said. SCOP will also propose that companies need to submit their
offers by November or December, he added.
Iraq
and
Jordan
signed
a preliminary agreement in April to build the section of the pipeline that
would stretch from an Iraqi oil pumping station in Haditha, west of
Iraq
, to
Aqaba. The rest of the pipeline, which is 680 kilometers long, linking a
Basra
pumping station with the one in Haditha would be built and financed by the
Iraqi oil ministry.
Iraq
hopes
the pipeline will make it less dependent on
Persian Gulf
export terminals, providing the country with an alternative route if
Iran
closes the
Strait
of
Hormus
.
Tehran
has
threatened on several occasions to close the strategic waterway through which
35% of the world's shipborne oil is exported, most recently in response to
international sanctions over its suspect nuclear program.
Last year
Iraq
started design and feasibility studies on the pipeline that's expected to carry
2.25 million barrels a day. The country is now preparing to start work on the
section from Haditha to Aqaba, with a capacity of 1 million barrels a day.
A third section of the pipeline, running to
Syria
's
Banias port in the
Mediterranean
, has been postponed because
of the conflict in the neighboring country. It would have a capacity of 1.25
million barrels a day.
Under the agreement signed in April,
Iraq
would
supply energy-poor
Jordan
with
150,000 barrels a day to feed its Zarqa refinery near
Amman
.
Iraq
will
also supply
Jordan
with
100 million cubic feet a day of gas via another pipeline that will be built
parallel to the oil line.
Tuesday Iraq decided to extend an oil export agreement to supply
Jordan
with
crude for one year, without giving more details.
Iraq
exports some 10,000 to 15,000 barrels a day to
Jordan
at a
heavily discounted price of dated Brent minus $18 a barrel.
Iraq
sits
on some of the world's largest oil reserves and was once a major exporter of
crude. It's now trying to rebuild an industry that was devastated by years of
war and sanctions.
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