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SOC invites contractor bids for southern Iraq export facilities

27 April 2010

Iraq's state-run South Oil Co (SOC) has invited interest from contractors for services to enhance its southern oil export facilities, as part of the country's plan to boost its crude output, Reuters has reported. The crude oil export facility project - funded by a Japanese government loan - includes the installation of two new onshore and offshore pipelines plus one floating oil terminal. "This is part of an extensive plan to raise the export capacity from Basra ports to more than four million barrels per day (bpd) in four years, up from 1.8 (mbpd) now," an official at SOC said

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