Turkish company to construct pipeline for ExxonMobil in Iraq
ISTANBUL - Hürriyet Daily News
Turkish construction firm EİD İnşaat CEO Bora Can Yıldız speaks at a meeting. Company photoTurkish construction firm EİD İnşaat is to build a 120-km-long pipeline for ExxonMobil in Iraq for $90 million, a project that is expected to be completed in one year.
“This is a privilege to carry out a project for ExxonMobil that ranked second in energy sector of the world. We won the project with our foreign partner. We completed the contract and technical procedures. There is also an 85-km-long pipeline project under construction. The two pipelines will be more 200 km-long,” Chairman Bora Can Yıldız has said.
Yıldız stated that the pipeline was an advanced engineering project that was used for drilling oil via high water pressure.
The Iraqi market accounts for 70 percent 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, he said, adding that they were currently working on a project worth $250 million in South Iraq and Basra.