What preliminary agreements did Iraq's cabinet approve regarding strategic oil export pipeline projects?

Iraq's cabinet approved Basra Oil Company signing a 'heads of agreement' (preliminary agreement) and a non-disclosure agreement with a consortium comprising U.S. companies Capital TI and Chevron, and Qatar's UCC to study strategic oil export pipeline projects; the cabinet also authorized Basra Oil Company to sign a consultancy services contract with KBR for the Basra-Haditha oil pipeline project.

What are the proposed pipeline routes being studied under the approved preliminary agreements?

The consortium will prepare technical and financial feasibility studies comparing two proposed routes: Basra-Haditha-Kirkuk-Ceyhan and Basra-Haditha-Baniyas.

Iraq approves preliminary agreements to study strategic oil export pipeline projects

Jul 4, 2026

Iraq's cabinet approved Basra Oil Company to sign preliminary agreements with a consortium including Chevron and UCC to study strategic oil export pipeline routes, while also authorizing a consultancy contract with KBR.

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Iraq approves preliminary agreements to study strategic oil export pipeline projects

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