Iraq set to award $650m contract for southern oil pipeline
- Iraq: Wednesday, January 23 - 2013 at 05:18
Iraq has said China Petroleum Pipeline (CPP) is close to winning a $650m contract to build a pipeline linking southern oilfields in Maysan province to major export storage depots, Reuters has reported. The 300km 42" pipeline will carry oil produced from these fields to al-Faw storage depots and then to offshore terminals in the Gulf, said the chief of state-run Maysan Oil Co, Ali Maarij. "This project will expand oil export capacity from producing oilfields of Maysan and Halfaya, and other small fields. It will definitely remove all exports constrictions," he said.
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