Turkish firm to build $90m pipeline in Iraq
EID Insaat expected to complete 120km project in one year
Turkish construction firm EİD İnşaat is to build a 120km pipeline for ExxonMobil in Iraq for $90m.
The pipeline is an advanced engineering project that is used for drilling oil via high water pressure, and is expected to be complete in a year.
“This is a privilege to carry out a project for ExxonMobil that rank second in the energy sector of the world. We won the project with our foreign partner. We completed the contract and technical procedures. There is also an 85km-long pipeline project under construction. The two pipelines will be more than 200km-long,” chairman Bora Can Yıldız has said.
The Iraqi market accounts for 70% of the business volume of EİD İnşaat, which has operations in the energy and construction sectors in the Middle East and Russia. The company had carried out other projects such as airports and industrial facilities in Iraq jointly with American, Canadian and European companies, said Yildiz, adding that they were currently working on a project worth $250m in South Iraq and Basra.