36 Days
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Oil Minister Announces U.S.-Qatari Company Alliance for Basra to Fishkhabour Pipeline Project
Iraqi Oil Minister Bassem Mohamed Khudr Al-Abadi confirmed that Iraq is planning a pipeline project to transport oil from Basra to Feshkhabour, involving American and Qatari companies, with the aim of enhancing export capacity and establishing alternative routes to the Strait of Hormuz. He explained that the coalition includes two American companies, TI Capital and Chevron, along with a Qatari company, and a local Iraqi company is joining the implementation, thereby increasing flexibility for oil exports through the Gulf of Capan and Banehsa, in addition to the Strait of Hormuz. This effort is part of Iraq's broader strategy to diversify its outlets and improve its oil export strategies.
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