Iraq Approves $416.9M to Build Third Offshore Export Pipeline. Dutch Firm Selected for the Job

The Iraqi cabinet approved on Tuesday $416.9 million for the construction of a third offshore export pipeline, it said in a statement.

Iraq's state-run Basra Oil Company has contracted Dutch company Royal Boskalis to construct the pipeline, which has an operating capacity of 2 million barrels per day. 

(Reuters - Reporting by Nayera Abdallah/Editing by Mark Potter)

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