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FINANCIAL NEWS
Baghdad awards $733m deal to Leighton Offshore
30 Sep 2010
(MENAFN) The Iraqi government said that it has approved a $733 million deal with a Singapore-based company to expand the country’s oil export infrastructure in the Gulf, Reuters reported.
The government statement said the deal with Leighton Offshore Private Ltd. will boost export capacity through the Gulf to 3 million barrels a day from 1.8 million now.
It added that the deal requires new pipelines and rigs to be constructed in the Basra region over a period of 15 months.
OPEC member Iraq says it expects crude output to climb fivefold from current levels to 12 million barrels per day by 2017 after opening some of its biggest fields to foreign oil companies.
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BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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