By John Lee. Dutch company Royal Boskalis Westminster has signed a 'memorandum of principles' to construct an industrial island for the Basra Oil Company (BOC) in Iraq's territorial waters in the Gulf. Iraqi oil minister Thamir Ghadhban said the project will add export capacity of 3 million barrels per day (bpd). The Dutch Ambassador to […]
By John Lee. Reuters has reported that the Iraqi government has authorised the Ministry for Oil to sign an initial agreement with Netherlands-based Royal Boskalis Westminster to build an "offshore oil export installation". IBN's requests to the company for confirmation have not been returned. (Source: Reuters)
Iraq is pursuing major infrastructure projects to add millions of barrels per day of export capacity, in an effort to keep pace with ambitious plans to raise production. In the short term, the Oil Ministry is looking to jump-start work on a long-delayed pipeline contract with the Australian company Leighton Offshore. Beyond that, Iraq is […]
