Bidders sought to build Kurdistan pipeline

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The Independent Online

Gulf Keystone Petroleum has invited bidders to build a pipeline that would allow the much-watched oil & gas company to export vast supplies of black gold from its key Kurdistan field.

This pipeline would have the capacity to handle 500,000 barrels a day. There is also an option to build a second pipeline, of similar capacity, which would ramp up production to a million barrels a day. That would be more than 1 per cent of the world's oil needs and explains why super-majors are running the slide rule over the company.