Iraq Signs Contract for IPSA-2

Iraq is pushing ahead with the construction of phase-two of the Iraqi-Saudi crude oil pipeline with the aim of increasing export capacity to prewar levels and of providing maximum future outlet flexibility. Mr. Issam al-Chalabi, the Iraqi Oil Minister, told MEES last week that the new pipeline is part of the strategy "to diversify our export outlets so that we are never vulnerable again. This project is a major part of the plan."