World's Energy

MOSCOW, March 26 (RIA Novosti) - Stroytransgaz, one of Russia's largest engineering and construction companies, and Iraq's North Oil Company held another round of talks on reconstructing an oil pipeline in Iraq, the Russian company said. The Kirkuk-Baniyas pipeline designed to transport crude from north Iraqi fields to the Syrian port of Baniyas, was destroyed by the U.S. Air Force during an invasion of the Middle East country in 2003. The parties signed a protocol on Stroytransgaz's involvement in the project to inspect and reconstruct the pipeline and discussed the pipe's technical state and working conditions. Stroytransgaz, which is partly owned by Russian energy giant Gazprom, builds oil and gas facilities and operates in 15 countries.