04/10/2011 21:05
Erbil, 4 October / October (Rn) - A spokesman for the Iraqi government to the Council of Ministers established a contract worth $ 518 million related to a project expansion of facilities to export oil to the company Leighton Offshore registered in Singapore. and Leighton Offshore is owned by Leighton Australian which in turn is a subsidiary of Hochtief German . The spokesman Ali al-Dabbagh said Leighton will build anchor floating one ship exportation capacity of 900 thousand barrels per day and a pipeline to export sea 48-inch to transport crude oil from storage tanks in the Faw peninsula in southern Iraq to the port floating new, as reported, "Reuters." It is expected to be completed to iTunes from the engineering, construction and supply within 16 months and will fund the Japanese government funded the project. The expansion project is being implemented in Basra, south of the country the establishment of two tubes marine and pipeline land and construction of four berths for one ship to load oil tankers at a total cost of about $ 1.3 billion . The company Foster Wheeler to provide management services consultancy for the project. It is expected that Iraq begins to run one of the three ports of a new oil export in the Gulf in the first January in the development of a major effort to build export capacity for the disposal of increased production from the southern oil fields. and Iraq signed a set deals with major oil companies to increase production capacity to 12 million barrels per day by 2017, but Oil Minister Abdul Karim and coffee, said recently that the level of eight to 8.5 million barrels per day will be the appropriate target more and that the time required to achieve this may extend to 13 or 14 years. Th : Abdullah Sabri
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