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Iraq
Wednesday, February 11, 2026

Iraq: Dollar Slips 100 Dinars to 150,100 in Baghdad and Erbil Markets

Iraq recorded a 100 dinar decline in dollar trading across Baghdad and Erbil markets. Traders reported 150,100 dinars per 100 dollars in major exchanges....
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.