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    Home » Iraq’s cabinet approves $416.9 mln to build third offshore export pipeline

    Iraq’s cabinet approves $416.9 mln to build third offshore export pipeline

    May 31, 2023
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    *File copy: Oil tankers are anchored at Basra harbour, 550 kms (340 miles) south of Baghdad, on February 19, 2010. ESSAM AL-SUDANI/AFP/Getty Images

    Dubai — The Iraqi cabinet approved on Tuesday $416.9 million for the construction of a third offshore export pipeline, it said in a statement.

    Iraq’s state-run Basra Oil Company has contracted Dutch company Royal Boskalis to construct the pipeline, which has an operating capacity of 2 million barrels per day. (Reporting by Nayera Abdallah Editing by Mark Potter) – Reuters

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