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The US and India New Trunk Pipeline Build to Lead Globally by 2023

by with No Comment News

The US is expected to lead in terms of global trunk or transmission pipeline length additions for planned and announced (new-build) projects between 2019 and 2023, contributing around 21 percent of global new-build pipeline additions by 2023.

The company’s report, H2 2019 Global Length and Capital Expenditure Outlook for Oil and Gas Pipelines – India and the US Dominate New-Build Pipeline Length Additions, reveals that the US is set to have a planned new-build pipeline length of 14,162km and an announced new-build pipeline length of 20,230km by 2023.

Sunrita Dutta, Oil and Gas Analyst at GlobalData, comments: “Liberty Oil is the largest upcoming pipeline project in the country with a new-build length of 2,172 km. The pipeline is proposed from a pump station in Guernsey to an oil terminal at Cushing VII. It is expected to start operations in 2021.”

India ranks second highest globally, in terms of trunk or transmission pipeline length additions, with a new-build planned and announced pipeline length of 23,344km by 2023. The Jagdishpur-Haldia gas pipeline in India is the major upcoming planned pipeline project with a proposed length of 2,655km. It is expected to start operations in 2020.

Dutta concludes: “Russia stands third globally with a new-build planned and announced trunk pipeline length of 14,669 km by 2023. The Nord Stream 2 gas pipeline project in Russia is the most important planned pipeline in the country and is slated to begin operations in 2020 with a new-build pipeline length of 2,400 km.

Source: http://bit.ly/2PxYYez

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Daewoo E&C Secures US$86 Mil. Prefabrication Yard Construction Project in Iraq

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Daewoo Engineering & Construction Co., a major builder in South Korea, said it has won a US$86 million order to set up a prefabrication yard for a tunnel project in Iraq.

Under the deal with the General Company for Ports of Iraq (GCPI), Daewoo E&C will build the Khor Al-Zubair immersed tunnel prefabrication yard by October 2021.

The deal is the fourth construction project that Daewoo E&C bagged in Iraq this year. Since March, the builder has secured $460 million worth of orders in Iraq, including road and terminal construction projects.

The latest order is the first stage of Iraq’s immersed tunnel construction project that aims to connect the Umm Qasr and Al Faw regions in the southern part of the country. Daewoo E&C said it also aims to win the tunnel construction order expected to be placed next year.

Daewoo E&C is the No. 5 builder in South Korea in terms of building capacity. Meanwhile, Daewoo E&C president Kim Hyung directly took care of activities to land the order for the immersed tunnel in Iraq. In addition, the contractor won the fourth-order this year in Iraq alone as it won orders for the construction of an additional breakwater (March), the first phase construction of a container terminal (April) and the construction of an access road (August). Its total contracts amounted to US$460 million.

Source: http://www.daewooenc.com/eng/

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Iraq Plans to Construct 5 New Refineries with 790000 bpd Capacity

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The Iraqi Ministry of Oil has announced its plan to choose a number of specialized international investment companies to build five new refineries with 790,000 bpd Capacity around the country.

Hamid al-Zobaie, the ministry’s official, said in a press statement there is a plan to build five refineries across the country through investment and various refining cards, pointing out that the ministry is currently looking for fitted companies to build these refineries.

Zobaie added that qualification and selection processes depend on studying technical and financial capabilities of the companies, especially that the construction of the refinery requires up to USD3 billion. Applying companies must also commit to the deadlines and ensure completion of construction within the schedule.
They also clarify that they need to know the capabilities of companies which will bid for such projects since one refinery requires a funding coverage of up to $3 billion. They also want to make sure these companies will comply with the schedule for the project completion as well as their experience in such projects.

Theoretically, there is no reason why Iraq cannot become one of the leading producers of petrochemicals in the world, given its tremendous reserves of oil and gas. Finally, with a relatively low oil price complex and its crude exports falling in October, Iraq appears to be making some advances on moving its long-stalled push into the petchems sector forward.

Source: https://oilprice.com/Energy/Energy-General/Can-Iraq-Become-A-World-Class-Petrochemicals-Player.html