February 23 - China Petroleum Pipeline (CPP) and North America Western Asia Holdings (NAWAH) have entered into an agreement to jointly pursue potential energy sector development projects in Iraq.
With projections calling for USD48 billion of infrastructure investment to meet Iraq's production targets, CPP and NAWAH say the country is experiencing unprecedented demand for international partners to help accelerate development of new pipelines, refineries and export facilities.
The agreement combines CPP's 40 years of experience in the energy industry with NAWAH's Iraq-focused equipment and supply chain knowledge, said the two companies.
"Over the past 15 years, from West Africa and throughout Asia, CPP has constructed more than 40 long-distance pipelines totalling 50,000 km and installed tank farms capable of storing 20 million cu m of oil and gas," said CPP president Zhao Yujian.
"Working alongside an industry-leading player like CPP furthers NAWAH's reach into Iraq's infrastructure development efforts," said Paul Brinkley, NAWAH's president and ceo.
"Together with CPP's technical ingenuity and NAWAH's extensive reach into the Iraqi market as well as the company's modern transparent business practices, this partnership brings enormous capabilities to Iraq and the country's historic efforts."