BAGHDAD: Iraq’s Cabinet approved Basra Oil Co signing “a heads of agreement”, or preliminary agreement, and a non-disclosure agreement with a consortium including US companies Capital TI and Chevron and Qatar’s UCC to study strategic oil export pipeline projects, according to a Cabinet statement.
The consortium will prepare technical and financial feasibility studies comparing proposed routes including Basra-Haditha-Kirkuk-Ceyhan and Basra-Haditha-Baniyas.
The Cabinet said the agreements would not create any final financial or contractual obligations for the Iraqi oil ministry.
It also authorised Basra Oil Co to sign a consultancy services contract with KBR for a Basra-Haditha oil pipeline project. — Reuters
