Iraq's South Oil Company has awarded a front end engineering and design (FEED) contract for the debottlenecking and upgrade of its Basra export terminal to the US' Foster Wheeler.
A source close to the project tells MEED that the award has been made.
The scope of works and the contract value have not been revealed.
Contractors were approached by the South Oil Company to express interest in the multi-billion-dollar project to restore and expand the existing crude oil export terminal at Basra in November 2008 (MEED 14:11:08).
The first phase of the project aims to restore capacity to 2 million barrels a day (b/d), and to double that to 4 million b/d within the next few years.
Plans are also in place to create new berths and production facilities, although the scope of each facility has yet to be determined.
A 2008 report by Foster Wheeler warned that the southern port requires a complete overhaul if plans to more than double the country's overall crude output to 4.5 million b/d by 2013 are to be successful.
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