February 2014, Vol. 241 No. 2


STX Heavy Industries To Build 550-Km Pipeline In Iraq

According to news reports, South Korea’s STX Heavy Industries Co. has won a $471.5 million contract to build a 550-km pipeline for the Akkas gas field in northwestern Iraq.

Kogas, Korea’s state-owned gas company, will have a 75% stake in the Akkas gas project, up from 37.5%, after Kazakhstan state gas company KazMunaiGas EP JSC is reported to have pull out of the project. The remaining 25% will be held by Iraq’s state-run North Oil Co.

Related Articles


{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}