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.
(Reuters - Reporting by Nayera Abdallah/Editing by Mark Potter)
AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week
