Iraq to establish Gas Pipeline Company by end-March
Iraq to establish Gas Pipeline Company by end-March
Iraq’s Ministry of Oil is to establish a Gas Pipeline Company (GPC), which shall perform the functions of the Gas-to-Power Aggregator, by the end of this month.
According to documents obtained by Iraq Business News, the Director General of the Gas Pipeline Company will be appointed by the Council of Ministers based on the recommendation of the Minister of Oil and the relevant deputy minister.
By June 30, 2018, the GPC is to set up a website on which it will publish a description of the entire network, “planned expansions of the network, monthly utilization of capacity by Public Sector Shippers in the most recent full calendar year and in the current calendar year through the latest available date, and anticipated utilization of capacity by Public Sector Shippers in the following three calendar years.”
The current operators of the network are the Oil Pipeline Company of the Ministry of Oil and Basrah Oil Company (BOC); it is anticipated that they will transfer their gas and NGL transportation activities to the Gas Pipeline Company.
The GPC will initially act as both Gas Aggregator and operator of the network. These activities will be separated over time; it is anticipated that the GPC will remain the exclusive operator of the network for a considerable period of time, although it may enter into joint arrangements with or obtain financing from private sector operators or shippers. Additional operators may in the future take responsibility for segments of the network.
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