ROUTE AND RED SEA PORT LOCATION FOR INDEPENDENT IRAQI OIL PIPELINE OUTLET RECEIVES SAUDI APPROVAL

The Saudi Arabian authorities have approved both the proposed route and port terminal for a new 1.6mn b/d pipeline system to carry crude oil from Iraq's southern oilfields across Saudi Arabia to the Red Sea coast. Having received the Saudi go-ahead for the route and terminal, Iraq now plans to invite tenders for the construction project for the new independent pipeline within the next few...