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Saudi Arabia, UK Discuss Strengthening Trade and Industrial Cooperation

Alkhorayef and Huddleston discussed ways to boost the partnership between Saudi Arabia and the UK in several economic sectors, particularly industry and mining. SPA
Alkhorayef and Huddleston discussed ways to boost the partnership between Saudi Arabia and the UK in several economic sectors, particularly industry and mining. SPA
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Saudi Arabia, UK Discuss Strengthening Trade and Industrial Cooperation

Alkhorayef and Huddleston discussed ways to boost the partnership between Saudi Arabia and the UK in several economic sectors, particularly industry and mining. SPA
Alkhorayef and Huddleston discussed ways to boost the partnership between Saudi Arabia and the UK in several economic sectors, particularly industry and mining. SPA

Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef has held talks with UK’s Minister of State for International Trade Nigel Huddleston on the sidelines of the meeting of the GCC Ministers of Trade and Industry in Salalah, Oman.

During the meeting, Alkhorayef and Huddleston discussed topics of mutual concern and ways to boost the partnership between the two countries in several economic sectors, particularly industry and mining.

The meeting also focused on enhancing cooperation between the two countries in the industrial and mining sectors, reviewing promising industrial and mining investment opportunities, and exploring the possibility of increasing trade and developing non-oil exports.

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Iraq Signs Contract to Construct Offshore Crude Export Pipeline With 2.4 Million Bpd Capacity

Iraqi Oil Minister Hayyan Abdul Ghani witnesses the signing of a deal to establish a subsea oil pipeline for exports via its southern ports (INA) 
Iraqi Oil Minister Hayyan Abdul Ghani witnesses the signing of a deal to establish a subsea oil pipeline for exports via its southern ports (INA) 
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Iraq Signs Contract to Construct Offshore Crude Export Pipeline With 2.4 Million Bpd Capacity

Iraqi Oil Minister Hayyan Abdul Ghani witnesses the signing of a deal to establish a subsea oil pipeline for exports via its southern ports (INA) 
Iraqi Oil Minister Hayyan Abdul Ghani witnesses the signing of a deal to establish a subsea oil pipeline for exports via its southern ports (INA) 

The Iraqi Oil Ministry said on Sunday that Baghdad has signed a deal to establish a subsea oil pipeline for exports via its southern ports.

The project is in cooperation with Italian offshore contractor Micoperi and Türkiye’s Esta for a pipeline with capacity of 2.4 million barrels per day (bpd), the ministry said without providing further detail on the destination of the exports.

“The state-owned Basra Oil Company signed a contract on Sunday to implement the third offshore export pipeline project with a consortium of the Italian company MICOPERI and the Turkish company ESTA, with a design capacity estimated at 2.4 million barrels per day,” said the Iraqi news agency quoting a statement by the Ministry.

The statement said it is “an important strategic project and is part of the government's program. It aims to ensure flexibility and stability for crude oil export operations from the southern ports”.

The Ministry also explained that the project’s flexibility lies in the ability to export crude oil from three ports: Basra Port, Khor al-Amaya Port, and the floating platform.