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Iraq approves Third Offshore Oil Pipeline for $416.9m

The Iraqi Cabinet has approved the recommendation of the Energy Ministerial Council for the construction of a third offshore oil export pipeline. The 48-inch pipeline will have a capacity of 2 million barrels per day (bpd), and is planned to be completed in 400 days. It will be built by the Dutch company Boskalis at a total cost of $416.9 million, supported by a Japanese loan

Link: https://www.iraq-businessnews.com/2023/07/13/iraq-approves-third-offshore-oil-pipeline-for-416-9m/

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