Oil export expansion on track

Iraq will sign more than $1 billion in contracts to add 4.5 million barrels to daily export capacity from the south alone.
Oil export expansion on track
South Oil Company Director General Dhia Jaffar (second from left) and officials from Saipem and Leighton at the Oct. 13 signing ceremony for Iraq Crude Oil Export Expansion projects. (ALI ABU IRAQ/Iraq Oil Report)

Iraq is on track to add 4.5 million barrels per day (bpd) of oil export capacity to its southern sea corridor by 2014, a top project official said, and will sign more than $1 billion in construction and supply contracts on Thursday.

At a signing ceremony in Basra on Oct. 13, Iraq expects to expand its partnership with the Australian company Leighton Offshore, which is building export pipelines and single point moorings (SPMs), and formally enlist Italian firm Saipam to construct a combined metering and manifold platform.

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