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FINANCIAL NEWS
Iraq floats a tender to build backup northern pipeline
06 Aug 2013
(MENAFN) Iraq has floated a tender to build part of a new oil export pipeline linking the country’s northern Kirkuk fields to Turkey, Reuters reported.
Oil Ministry spokesperson, Asim Jihad, said that the stretch of pipeline through Iraqi territory will act as a back-up to an existing pipeline that has suffered repeated bomb attacks and technical faults.
The pipeline may link to an existing route on the Turkish side, but several options are being considered, Jihad added.
Nine of the 15 international service companies invited to the tender have submitted bids, he said, without elaborating. The winning bid is expected to be chosen in September, he said.
It is not clear whether the new pipeline will follow a similar route to the existing one which runs through the restive Nineveh province to Turkey’s Ceyhan port on the Mediterranean.
The existing 900km pipeline, which has a capacity of 1.6 million barrels per day (bpd), has been bombed
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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