Iraqi cabinet approves $4.6 billion Basrah-Haditha oil pipeline project

Reuters
An Iraqi soldier stands guard near the Central Metering and Manifold platform (CMMP) at Al Basra oil terminal in the Middle East Gulf November 27, 2013. (REUTERS)
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  • Iraq’s current oil output stands at about 4 million barrels per day, oil ministry officials say

CAIRO: The Iraqi cabinet has given approval for a Basrah-Haditha oil pipeline project, a statement from the Prime Minister’s office said on Monday.
The pipeline will cost about 5.97 trillion Iraqi dinars ($4.56 billion), the statement said.
Iraq’s oil ministry said in August that the proposed pipeline would transport crude oil to the country’s central and southern regions.
Iraq’s current oil output stands at about 4 million barrels per day, oil ministry officials say. ($1 = 1,309.0000 Iraqi dinars)

 

Topics: Iraq oil field