BOT model is being considered
Iraq has asked international oil firms that won contracts to develop its vast oil reserves whether they are interested in financing the country’s huge crude export infrastructure projects, Reuters has reported. Options being considered by the government include asking oil companies to either contribute funding or to offer the projects under build, operate and transfer (BOT) contracts, deputy oil minister Abdul Kareem Luaibi said. “The big projects and pipelines need several billions, so now we are studying the issue of financing, either to be through the BOT model, or that the oil companies take part in funding, or both ways,” he told the news service.
You might also like...
McDermott completes financial restructuring exercise
28 March 2024
Region heads for hotel boom
28 March 2024
Lowest bidders emerge for Kuwait housing project
28 March 2024
Redcon wins Red Sea Triple Bay infrastructure deal
28 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.