Jun 19 2011 |
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Dubai-Based Dodsal Awarded $106M Iraq Oil Pipeline Contract
Sunday, Jun 19, 2011
(This item was originally published Friday.)
By Hassan Hafidh
Of DOW JONES NEWSWIRES
AMMAN (Dow Jones)--Iraq's state-owned South Oil Company and partners Royal Dutch Shell PLC (RDSA) and Malaysia's Petronas (PETR.UL) have awarded Dubai-based Dodsal Group a $106 million contract to build a pipeline connecting the supergiant Majnoon oil field with a pumping station near the southern export terminals in Basra, a senior SOC official said Friday.
Mahdi Badiaa, head of the Majnoon oil field venture's Joint Management Commission, said a draft contract has been sent to the oil ministry for approval before the final signature of the deal.
Under the contract, Dodsal Group will lay a 73-kilometer pipeline to carry crude from Majnoon to a crude oil gathering station near Zubair in southern Iraq.
The field is currently producing 60,000 barrels a day and expected to reach 175,000 barrels a day in 2012.
-By Hassan Hafidh, Dow Jones Newswires; +962 799 831 831; hassan.hafidh@dowjones.com
(END) Dow Jones Newswires
19-06-11 0406GMT
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