The Iraqi Ministry of Oil has signed a five-year integrated management contract with the US energy services company Halliburton for the development of the Bin Umar and Sindbad oil fields in Basra governorate.
Iraq has approved the bidding process for a $4.6 billion oil pipeline linking Basra to Haditha, in a step aimed at strengthening its crude export infrastructure. The planned pipeline will stretch 685 km, transporting crude oil from southern Iraq to northern regions.
