2 contracts to activate southern oil exports

BASRA / IraqiNews.com: Two contracts were signed today to activate the southern oil exports, according to a statement. Director General Dhia al-Mussawi, said in a press conference, attended by IraqiNews.com, that the contracts for both the second and third phases were signed. The phases include using oil counters and rehabilitation of additional floating exporting pier. The second phase was entrusted to an Italian company, to be implemented within 24 months period. He added that the second phase will add an additional export capacity of 900 thousand b/d. Basra province lies 590 km south of the capital, Baghdad. RM (TS)/SR Number of Reads:126