A project to build a subsea pipeline in the Southern Iraqi oil hub of Basra will boost the Arab country’s crude exports to more than 5 million barrels per day (bpd) by 2025, the Director of state-run Basra Oil Company (BOC) was quoted on Tuesday as saying.
The pipeline will have a capacity of nearly 2 million bpd and is expected to be completed after 400 days, Bassim Shamkhani said.
In a statement published by the official Iraqi News Agency, Shamkhani said BOC is planning other projects to increase oil production in 2024, adding that…
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