Export infrastructure deal latest of oil re-investment

Iraq's Cabinet this week approved a two-year, $468.5 million contract with Italian firm Saipam to build a new metering and export platform near Iraq's current southern oil terminals, which could double current export levels.Saipam outbid Australian firm Leighton by more than $30 million, the statement from government spokesman Ali Dabbagh said.Leighton was awarded last year two contracts worth $1.233 billion to build three new sub-sea pipelines and four single point moorings, which will ...