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Thank you for reading the news about Iraq approaching the conclusion of a pipeline agreement with BP and ENI.
Iraq is about to enter into an agreement with international oil companies BP and Eni regarding an export pipeline project to be part of a huge deal with the US oil company, announced five Iraqi officials. The giant ExxonMobil.
The sources, who asked not to be named because the talks had not been made public, told Reuters that, as part of a $ 400 million draft agreement, BP and the Italian Eni would manage a project to build two offshore oil pipelines to export oil from southern Iraq via the Gulf.
Officials said the pipeline works were to be part of a larger $ 53 billion project that Exxon appeared to be preparing to make earlier this year, but an agreement with Baghdad has stopped because of contractual disputes and security issues.
Discussions between BP and ENI with Baghdad follow the Iraqi authorities in June, announcing that Hyundai Engineering and Construction of South Korea would build a seawater injection facility in the amount of 2, $ 4 billion, another part of the agreement being discussed with Exxon. .
(Reuters)
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