STX Group Cancels Iraqi Gas Pipeline Project

A pipeline that was to connect the Akkas gas field in the western Iraqi province of Anbar has been scrapped at the request of the Iraqi government, according to local media reports.

In November 2013, South Korea's STX Group won the contract to build the pipeline. The company was expected to design, prepare and construct the pipelines within 46 months (by mid 2017). 

Kogas is developing the Akkas field, which holds an estimated 5.6 trillion cubic feet of gas, under a 2011 contract with the Iraqi oil ministry.

As per media reports published Friday, company officials said the construction of the pipeline has been cancelled.