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Friday, June 5, 2026

Iraq Accelerates Turkey Oil Route as Hormuz Tensions Threaten Exports

Baghdad – Iraq is moving quickly to expand oil exports through Turkey as security concerns and shipping disruptions in the Strait of Hormuz create...
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.