China May Build New $650m Iraq Oil Pipeline

[LIBoy]

China May Build New $650m Iraq Oil Pipeline

Posted on 22 January 2013. Tags: China, China Petroleum Pipeline (CPP), HaLFAYA, Maysan, Missan, pipelines

By John Lee.

The China Petroleum Pipeline (CPP) company is said to be close to winning a $650-million contract to build a pipeline linking the southern oilfields in Maysan province to the al-Fao [al Faw] storage depots.

The chief of state-run Maysan Oil Company, Ali Maarij, told Reuters, that the line will expand the export capacity from the oilfields of Maysan and Halfaya, and other small fields. “It will definitely remove all exports constrictions“, he added.

The 300-km (186-mile) 42-inch export pipeline should be operational at the start of 2014, facilitating a planned increase in output from the current 230,000 bpd to around 400,000 bpd.

It will replace an existing outdated 28-inch pipeline currently shipping crude from the southern fields in Ammara to storage facilities near the city of Basra.

(Source: Reuters)

http://www.iraq-businessnews.com/2013/01/22/china-may-build-new-650m-iraq-oil-pipeline/

Edited January 23, 2013 by LIBoy

[Osmosis]

Good thing the Chinese are going to build it, otherwise.........well, you know.

[DinarWhiz]

Sounds like what Bravo11 was speaking of???????

[fastarnie]

Sounds like what Bravo11 was speaking of???????

I was just going to post that same thing.....right on, and hope he's right. Of course I also hope he's wrong about the year after part.