The Basra-Haditha crude oil pipeline will have a capacity of 2.25 million barrels, length of 685 km, diameter of 56 inches and thickness of 22 millimeters.
Jan 3, 2025
The Government of Iraq has given its nod for the Basrah-Haditha oil pipeline project, having a capacity of 2.25 million barrels, and entailing an investment of USD 4.56 billion.
The state-owned Iraqi News Agency said the Council of Ministers approved the contract between Basra Oil Company and the Oil Projects Company regarding the construction of 685-km-long Basra-Haditha oil pipeline, having diameter of 56 inches and thickness of 22 millimeters.
As per the Iraq Oil Ministry, the Basra-Haditha crude oil pipeline project aimed to achieve high flexibility in the process of transporting crude oil for the purposes of equipping refineries, warehouses and electric power plants within Iraq.
The project would be implemented by the Oil Projects Company, in cooperation with the General Iron and Steel Company at the Ministry of Industry and Minerals. The proposed pipeline would transport crude oil to the country’s central and southern regions, it added.
Deputy Minister of Oil, Bassem Mohammed Khudair, had said earlier that the Ministry had an ambitious plan to reach production of 6 million barrels by 2028 and achieve self-sufficiency in the amount of gas required for energy and industrial uses. The Ministry further aimed to boost oil production in order to secure sufficient quantities for export, he added.
