Iraq approves S.Korea's Daewoo $588.8 million oilfield contract
PM:12:03:17/04/2014

Iraq approves S.Korea's Daewoo $588.8 million oilfield contract

Iraq's cabinet approved Tuesday an $588.8 million oilfield service contract with South Korea's Daewoo Engineering & Construction (047040.KS) for the development of the Zubair oil field, the cabinet said in a statement.

 

Under the contract, Daewoo E&C will handle engineering, procurement and construction work for a gas separation facility at the giant Zubair oilfield in Iraq's south, whose output is forecast to reach 850,000 barrels of oil per day (bpd) in 2017.

 

Italy's ENI, U.S.-based Occidental Petroleum Corp and South Korea's KOGAS signed a 20-year deal with Iraq in 2010 to develop Zubair, whose production is currently at 320,000 barrels per day (bpd). (Reporting by Ahmed Rasheed, editing by Ned Parker)

(Source: Reuters)


viewers 2660
More...
Copyright © 2013 sulcci.com. all rights reserved
Created by kurdsky.com
Nike Air Max 90 Ultra 2.0 Flyknit,Nike Air Max 90 Chaussures,Nike Air Max 95 chaussures de tennis,Adidas Yeezy 350 Boost V2 Shoes,Adidas Yeezy 750 Boost Shoes,Adidas Zestra Shoes
Nike Air Max 90 Fireflies,NIKE AIR MAX 90 MID,NIKE AIR MAX 95,NIKE AIR MAX 95 CHAUSSURES,NIKE AIR MAX MOTION LW,NIKE AIR MAX TAILWIND 8