Iraq signs MoU with Royal Boskalis for offshore installation -oil ministry


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SULAIMANI — Iraq has signed a memorandum of understanding (MoU) with Dutch company Royal Boskalis over the construction of an offshore installation that will boost its oil export and storage capacity, the oil ministry said on Monday (September 16).

The installation will boost export capacity by 3 million barrels per day (bpd) of crude oil and storage capacity by 6 million bpd, the ministry said in a statement.

(NRT Digital Media/Reuters)