Iraq Approves $4.6 Billion Basrah-Haditha Oil Pipeline Project
12/30/2024
(Reuters) — The Iraqi cabinet has given approval for a Basrah-Haditha oil pipeline project, a statement from the Prime Minister's office said on Monday.
The pipeline will cost about 5.97 trillion Iraqi dinars ($4.56 billion), the statement said.
Iraq's oil ministry said in August that the proposed pipeline would transport crude oil to the country's central and southern regions.
Iraq's current oil output stands at about 4 million barrels per day, oil ministry officials say.
($1 = 1,309.0000 Iraqi dinars)
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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