By John Lee. The Iraqi Cabinet has approved the recommendation of the Energy Ministerial Council for the construction of a third offshore oil export pipeline. The 48-inch pipeline will have a capacity of 2 million barrels per day (bpd), and is planned to be completed in 400 days. It will be built by the Dutch
By John Lee. The Iraqi Cabinet has approved a recommendation from the Ministerial Energy Council directing the Ministry of Oil's Dhi Qar Oil Company (DQOC) to invite the Italian company Progetti Europa & Global S.p.A. (PEG) to install and operate a "wet oil processing unit" at the Nasiriyah Gas Isolation Station. The plant will have
Iraqi Cabinet Approves Italian Firm For Nasiriyah Gas Project menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
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RIYADH: Oil prices fell by nearly 2 percent on Wednesday as a stronger US dollar and weak data from top oil importer China raised demand fears. Brent crude futures for August delivery were down $1.69, or 2.30 percent, to $71.85 a barrel at 3:15 p.m. Saudi time, while US West Texas Intermediate crude fell $1.99, or 2.87 percent, to $67.47. China’s manufacturing activity