The Syrian Petroleum Company (SPC) plans to build a new heavy crude oil pipeline system linking oil fields in the northeast to the country’s Banias oil terminal on the Mediterranean. The company issued an Engineering, Procurement, Construction, Commissioning and Financing (EPCCF) tender on 18 June, with bids closing on 20 July. The new pipeline is expected to cost $2.7bn and have capacity to carry 400,000 b/d. It is to be built in two 200,000 b/d phases, with the option to extend capacity to 600,000 b/d in a third stage.
The winning contractor will operate the system for 15 years and is expected to, where feasible, utilize and upgrade the existing Syrian Company for Oil Transport (SCOT) system. A new main pumping station is to be built at Tel Adas, as well as nine booster stations along the existing route. (CONTINUED - 240 WORDS)