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Thursday, October 30, 2025

Dollar Prices Rise in Baghdad and Erbil Markets

The US dollar exchange rate in Iraq climbed higher on Monday as trading opened in Baghdad and Erbil. The increase reflects ongoing pressure in local currency...
HomeEconomyItalian-Turkish Consortium to Build Iraq's Offshore Pipeline

Italian-Turkish Consortium to Build Iraq’s Offshore Pipeline

Iraq’s Council of Ministers has approved the awarding of the Third Offshore Pipeline Completion Project tender to an Italian-Turkish consortium.

The project will be carried out by Italy’s Micoperi and Turkey’s ESTA Construction, who have been given 757 days to complete the pipeline.

Micoperi is recognized as a leading contractor in the offshore oil and gas industry with over 70 years of experience, while ESTA specializes in contracting and project design within the international construction market.