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Iraq awards oil expansion deal to Leighton
- Iraq: Thursday, October 06 - 2011 at 09:19
Singapore-registered Leighton Offshore, part of Australia's Leighton has been awarded a $518m contract for an oil expansion project in Iraq, Reuters has reported. According to the terms of the contract, Leighton is to build a single point mooring buoy with an export capacity of 900,000 barrels per day and construct a 48-inch sea export pipeline to transport crude from storage depots in Iraq's southern Faw peninsula to the new floating terminal, said the Iraqi government spokesman, Ali al-Dabbagh.
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StaffThursday, October 06 - 2011 at 09:19 UAE local time (GMT+4)
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