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Iraq to Build New Offshore Oil Export Pipeline in the South

Iraqi flag in front of an oil field (AFP)
Iraqi flag in front of an oil field (AFP)
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Iraq to Build New Offshore Oil Export Pipeline in the South

Iraqi flag in front of an oil field (AFP)
Iraqi flag in front of an oil field (AFP)

Iraq intends to build a new offshore pipeline at a cost exceeding $416 million, to support crude oil exports from the southern ports between 2025 and 2024.
In press statements on Sunday, the Director General of the Basra Oil Company, Bassem Abdul Karim, said that pipeline was the third of its kind in the northern Gulf in Basra Governorate.
The 48-inch pipeline will have a capacity of 2 million barrels per day (bpd), and will be built by the Dutch company Boskalis.
Abdul Karim noted that the ministry was currently working with Boskalis to put the final touches on the contract to construct the pipeline.
He added that the project will support strengthening the infrastructure for exporting crude oil and raising the export capacity of Al-Faw oil depots and the port of Basra to 5 million barrels per day by the end of 2025.
The minister also explained that Iraqi crude oil export rates from southern ports were currently stable at a ceiling of 3.4 million barrels per day, produced by oil companies in the governorates of Basra, Maysan and Dhi Qar, while crude oil production levels from the fields of Basra Governorate alone reach 3.2 million barrels per day.
After a 10-year hiatus due to sabotage and terrorist acts, the Iraqi Oil Ministry announced on Saturday the resumption of pumping petroleum products into the Baiji-Kirkuk pipeline.
The ministry said in a statement that the company’s technical and engineering teams have successfully completed maintenance and rehabilitation work on the pipeline.

 

 

 

 

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Anger Against Trump Is Forecast to Cost the US International Visitors 

Replicas of the Statue of Liberty are displayed for sale in a tourist shop in lower Manhattan on March 28, 2025, in New York City. (AFP)
Replicas of the Statue of Liberty are displayed for sale in a tourist shop in lower Manhattan on March 28, 2025, in New York City. (AFP)
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Anger Against Trump Is Forecast to Cost the US International Visitors 

Replicas of the Statue of Liberty are displayed for sale in a tourist shop in lower Manhattan on March 28, 2025, in New York City. (AFP)
Replicas of the Statue of Liberty are displayed for sale in a tourist shop in lower Manhattan on March 28, 2025, in New York City. (AFP)

Anger over the Trump administration’s tariffs and rhetoric will likely cause international travel to the US to fall even further than expected this year, an influential travel forecasting company said Tuesday.

Tourism Economics said it expects the number of people arriving in the US from abroad to decline by 9.4% this year. That’s almost twice the 5% drop the company forecast at the end of February.

At the beginning of the year, Tourism Economics predicted a booming year for international travel to the US, with visits up 9% from 2024.

But Tourism Economics President Adam Sacks said high-profile lockups of European tourists at the US border in recent weeks have chilled international travelers. Potential visitors have also been angered by tariffs, Trump's stance toward Canada and Greenland, and his heated White House exchange with Ukraine President Volodymyr Zelenskyy.

“With each policy development, each rhetorical missive, we’re just seeing unforced error after unforced error in the administration,” Sacks said. “It has a direct impact on international travel to the US.”

The decline will have consequences for airlines, hotels, national parks and other sites frequented by tourists.

Tourism Economics expects travel from Canada to plummet 20% this year, a decline that will be acutely felt in border states like New York and Michigan but also popular tourist destinations like California, Nevada and Florida.

The US Travel Association, a trade group, has also warned about Canadians staying away. Even a 10% reduction in travel from Canada could mean 2.0 million fewer visits, $2.1 billion in lost spending and 14,000 job losses, the group said in February.

Other travel-related companies have noted worrying signs. At its annual shareholder meeting on Monday, Air Canada said bookings to the US were down 10% for the April-September period compared to the same period a year ago.

Sacks said he now expects foreign visitors to spend $9 billion less in the US compared to 2024, when international tourism to the country rose 9.1%.

“The irony is that the tariffs are being put in place to help right the trade deficit, but they're harming the trade balance by causing fewer international travelers to come and spend money here,” Sacks said.

Sacks said international arrivals had been getting close to returning to 2019 numbers, before the coronavirus pandemic halted most travel. Now he thinks they won't get back to that level until 2029.