(MENAFN- Iraq Business News)
By John Lee.
The Iraqi Cabinet has approved a recommendation from the Ministerial Energy Council directing the Ministry of Oil's Dhi Qar Oil Company (DQOC) to invite the Italian company progetti europa & global s.p.a. (peg) to install and operate a "wet oil processing unit" at the Nasiriyah Gas Isolation Station.
The plant will have a capacity of 50,000 barrels per day (bpd).
PEG will be engaged through a "direct contracting method", exempting the contract from the government contract execution instructions (2/2014), provided that the Ministry of Oil assumes responsibility for the legal procedures related to the matter.
The company is also involved in Iraq's $17-billion develepment road project ("dry canal") .
(Source: Ministry of Oil)
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