Economics
Iraq awards oil export facility expansion and subsea pipeline contract to Saipem
Reuters reported that Iraq has awarded $471.7mn contract for an oil export facility expansion and subsea pipeline to Italian group Saipem. Iraqi oil sources said that Saipem will build a single point mooring buoy with an export capacity of 900K bpd and construct 50km pipeline to transport crude from storage depots in Iraq’s southern Faw peninsula to the new floating terminal. (Iraq Directory)
Source: http://www.iraqdirectory.com/DisplayNews.aspx?id=16613
This publication may not be reproduced, modified, or re-disseminated in whole or in part without the prior written permission of Rabee Securities. The information provided herein is of a general nature and for informational purposes only and is not intended to serve as an offer or solicitation with respect to the purchase or sale of any security, or as a recommendation to adopt any particular trading strategy. Such information is subject to change without prior notice. Although Rabee Securities obtains information from sources it considers reliable, Rabee Securities makes no representations or warranties, express or implied, as to the information's accuracy or completeness. Furthermore, such information may be incomplete or condensed. Rabee Securities, its affiliates, directors, employees, assigns, agents, and successors bear no liability for any errors or omissions in this publication or for any losses arising from the use of or reliance upon this information. This limitation on liability applies to direct, indirect, consequential, special, punitive, or other damages, as well as damages for loss of profits or business interruption. Investors shall bear all responsibility for investment decisions taken on the basis of the contents of this report. Rabee Securities strongly advises potential investors to seek financial guidance when determining whether an investment is appropriate to their needs. All estimates included in this report constitute Rabee Securities’ opinion as of the date published on the report and are subject to change without notice. Copyright© Rabee Securities 2021