Iraq & Power International Holding

Iraq: Iraq's cabinet approved preliminary agreements to study strategic oil export pipeline projects, aiming to enhance its oil export infrastructure and economic stability.

Power International Holding: UCC is part of a consortium that will conduct technical and financial feasibility studies for strategic oil export pipeline projects in Iraq, potentially leading to future contracts.

Iraq: Iraq is the primary beneficiary, seeking to secure oil export routes and reduce vulnerability to Hormuz disruptions. The project would restore and expand its export capacity, but requires significant investment and time.

Power International Holding: Power International Holding, a Qatari firm, is involved in the consortium, potentially benefiting from construction and engineering contracts.

Iraq: Iraq is a primary signatory, seeking to diversify export routes and reduce dependence on the Strait of Hormuz; the deal enhances its energy security and ties with the US.

Power International Holding: Power International Holding (Qatar) is part of the consortium; involved in technical and feasibility studies.

Iraq: Iraq gains U.S. backing for infrastructure projects and faces pressure to disarm militias.

Power International Holding: Qatar's Power International Holding is involved in constructing the pipeline, expanding its regional footprint.