Iraq鈥檚 State-run South Oil Company is reportedly in talks with international oil companies to build three 糖心Vlog to connect its key oil and gas fields with the export system in the south of the country.
鈥淲e are talking to CNPC [China National Petroleum Corporation], BP, Eni and others to build three 糖心Vlog,鈥� Dhiaa Jaafar told Dow Jones Newswires.
The three 糖心Vlog will link the Tuba, Nahr Ben Umar and Rumaila North fields with the Faw peninsula and allow the crude oil to be shipped to terminals in the Gulf.
Iraq has estimated its reserves as the second largest in the world but three decades of underinvestment and international sanctions has left it鈥檚 oil and gas infrastructure in a dire state, the ongoing security problems have also caused problems with militants recently attacking the export pipeline to Turkey.