Iraqi Cabinet Approves "Final Settlement" With Petrofac


(MENAFN- Iraq Business News) By John Lee.

The Iraqi cabinet has approved what it described as a "final settlement" between the Ministry of Oil / Basra Oil Company (BOC) and Petrofac .

The settlement reduces the amount to be paid for the second central processing plant (CPF2) in the Majnoon oil field from $30 million to $27.5 million.

(Source: PMO)

The post Iraqi Cabinet Approves "Final Settlement" with Petrofac first appeared on Iraq Business News .

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Iraq Business News

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