The Ministry of Oil has inaugurated the strategic Third Offshore Pipeline Project ('Sealine 3' Project), one of the most important initiatives aimed at strengthening Iraq's southern crude oil export system.Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani said during the inauguration ceremony in Basra that the project represents a qualitative leap for Iraq's export capacity. The pipeline has a design capacity of 2.4 million barrels per day (bpd) and an operational capacity of around 2 million bpd, providing Iraq with greater flexibility in managing exports.The project includes a 48-inch offshore pipeline extending about 70 kilometres (61 km offshore and 9 km onshore), two offshore platforms (VS-1 and VS-2) near the Al Basra Oil Terminal (ABOT) and Khor Al-Amaya, a Single Point Mooring (SPM-4) buoy, and a 60-kilometre dual subsea power and communications cable, in addition to systems for control, electricity, communications, and cathodic protection.Abdul Ghani noted that the project adds 2 million bpd of new export capacity and offers multiple export routes through its three terminals: the Basra Oil Terminal, Khor Al-Amaya, and the SPM-4 buoy.The contract for project completion was signed on 13 April 2025 between Basra Oil Company (BOC) and a consortium of Turkey's ESTA Construction and Italian company Micoperi, with a planned execution period of 757 days and expected completion by the end of 2027.He added that the project underscores the Ministry's vision to build an integrated system that secures Iraq's export capacity and enhances its position in global oil markets, expressing appreciation for the efforts of national staff and international partners in achieving this milestone.Iraq Business News understands that Japan Oil Engineering (JOE) will contribute to the project, which is being funded with assistance from the Japan International Cooperation Agency (JICA) (ICE AMMAN)

Fonte notizia: Stampa Locale