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Thursday, May 21, 2026

Iraqi Dinar Gains as Dollar Prices Decline in Baghdad and Erbil

The Iraq dollar exchange rate recorded a slight decline on Wednesday morning as the US dollar weakened against the Iraqi dinar in both Baghdad and Erbil...
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.