Bids in for Iraq oil storage facilities

06 October 2013

Seven bid for Nasiriya and Bin Umar tank farms deal

International engineering, procurement and construction (EPC) firms have submitted their commercial proposals for an estimated $2bn deal to build new crude oil storage facilities in the south of Iraq.

Priced bids were submitted to the Oil Ministry in Baghdad on 1 October by seven firms, following a technical bid round in July, according to sources close to the project.

No prices have yet been revealed, but bidding contractors expect a low bidder to emerge before mid-October.

Bidding firms include:

  • China Petroleum Pipeline Bureau (China)
  • Daewoo Engineering (South Korea)
  • Entrepose (France)
  • Punj Lloyd (India)
  • Saipem (Italy)
  • Toyo Engineering (Japan)

The project covers the construction of 29 storage tanks, each with a capacity of 66,000 cubic metres. Seven of these will be located at the Nasiriya oil depot and 22 at the Bin Umar oil depot.

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