IRAQ-TURKEY

Turkish-Italian Consortium Offers Lowest Bid for Turkish Section Pipeline 

The Turkish-Italian consortium of Tekfen, Kutlutas and Saipem has filed the lowest bid - $290mn - for the 558-km Turkish section of the new 500,000 b/d crude oil pipeline to carry Iraqi oil to the Ceyhan terminal on the Mediterranean coast. The next lowest bid was a $320mn offer by a Turkish-US group led by Sezai Turkes-Fevzi Akkaya, Brown and Root and Harber International. There were two other...