IRAQ ALLOCATES $417 MILLION FOR NEW MARINE PIPELINE
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01.06.2023
Iraqi News (31 May 2023)
Amr Salem
In a step aimed at boosting oil exports, the Iraqi government allocated about $417 million to build a third offshore oil export pipeline, Sky News Arabia reported.
The Basra Oil Company (BOC) announced on Monday that strategic projects for infrastructure, production, and export will be carried out.
The Director of BOC, Bassem Abdul Karim, explained that the company provides more than 75 percent of the state’s budget, the Iraqi News Agency (INA) reported.
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