News On Iran & Its NeighboursIraqIran eyes oil pipeline to Basra

Iran eyes oil pipeline to Basra


ImageUPI: Five Iranian companies have expressed interest in bidding on the construction of the Abadan-Basra pipeline to Iraq, Iranian officials say.

United Press International

ImageTEHRAN, July 2 (UPI) — Five Iranian companies have expressed interest in bidding on the construction of the Abadan-Basra pipeline to Iraq, Iranian officials say.

Ali Moallemipour, an Iranian lawmaker tasked with overseeing the project, said the pipeline would run roughly 5 miles in Iranian territory, with more than 30 miles crossing Iraqi territory.

"The project includes a pipeline 32 inches in diameter for transporting 350,000 barrels of crude per day from the Basra oilfield to Abadan as well as a pipeline 16 inches in diameter for transporting 150,000 barrels of oil products per day from Abadan to Basra," he said.

Iraqi officials had invited international bidders for their portion of the project in 2008. Moallemipour said despite modest setbacks, the pipeline should go online within the next few years, the Iranian newspaper Iran Daily reports.

The report says Iraq has agreed to export oil products to Iran through the remainder of 2009. Meanwhile, both countries are moving forward on developments of an oil refinery in Karbala and several other projects.

Iraq earlier this week held auctions for eight service contracts in the oil-rich country, though price concerns and unrest in some regions sparked little concrete interest.

Latest news

Iran Regime’s Ministry of Culture’s Decision To Eliminate Children’s Intellectual Centers

With the so-called ‘Cultural Revolution’ which took place between 1980 and 1983, the Iranian regime tried to purge the...

Water Shortage Crisis and the Destruction of Iran’s Water Resources

Iran is currently suffering from a number of dangerous natural disasters. One of the most worrying is the drying...

Economic Freedom Under the Rule of the Mullahs in Iran

The Fraser institute published its annual report of the index of economic freedom on September 8, which measured the...

Iran’s Regime Continues Its Internet Restriction Project

This is part of the outlook of a document by the Iranian regime’s Supreme Council of Cyberspace, which has...

Iran’s Human Development Index Dropped Sharply

One of the most common questions asked in primary schools by teachers all over the world is, “wealth or...

Narcotics Iran Regime’s Income Source for Terrorism

Besides Iran’s malign activities, such as its regional interference, and missile and nuclear projects, drug trafficking plays a major...

Must read

France’s denounces ‘brutal repression’ in Iran, rejects accusations of interference

Canadian Press: France's top diplomat on Sunday condemned the "brutal...

Iran Hostile to the West, No Concessions at Home

Iran Focus London, 28 March - On Nowruz, the first...

You might also likeRELATED
Recommended to you