Iraq approves Third Offshore Oil Pipeline for $416.9m
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, sometimes referred to as "Sealine 3" or "SL-3".
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 company Boskalis at a total cost of $416.9 million, supported by a Japanese loan.
(Source: Media Office of the Prime Minister)
(Picture credit: Boskalis)