Iraq picks candidates to build export pipeline to Jordan

|By:, SA News Editor

Iraq shortlists 12 international companies and consortiums to build the country's first oil export pipeline in decades, and will ask them to submit bids by year-end for the $18B project, WSJ reports.

Among the groups selected are China National Petroleum (PTR) and Lukoil (LUKOY.PK, LUKOF.PK); no U.S.-led groups are listed.

The 1,680 km pipeline will stretch from the oil hub of Basra in southern Iraq to Jordanian port of Aqaba in the Red Sea and make the country less dependent on Persian Gulf export terminals.