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Construction of the largest industrial island for exporting oil in the northern Gulf
Economy News - Baghdad
Basra Oil Company announced that it will sign a memorandum of understanding with a Dutch company to prepare a roadmap for the construction of the largest industrial island for the export of crude oil in the offshore area in the northern Gulf.
The company's general manager Ihsan Abdul-Jabbar said in a statement carried by the official newspaper "morning" and seen by the "economic news", "the company is scheduled to sign a memorandum of understanding with the Dutch company (Boss Kals) to develop a comprehensive map of all technical details to build a larger An industrial island for exporting crude oil in the offshore area north of the Arabian Gulf.
He added, "The Ministry of Oil represented by the company will sign the consultative study contract, which will pave the country to enter into the offshore oil industry projects in the future and maximize financial resources in the state's public budgets." A standard barrel with capacity to raise the joint export and treasury capacity of the project at a higher rate in the future to allow access to the target target by the ministry to provide the needs of the world market of crude oil.
Abdul Jabbar said that "the final contract includes the preparation of a road map to clarify all the details of engineering, logistics, investment, economic and housing for employees of this giant project, as well as the mechanism of financial recovery of the parties."
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