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Iraqi Sealine 3 Project Suspended for Further Scrutiny

OIL

Iraq's Cabinet has withdrawn funding approval for a major infrastructure upgrade that would have enabled Iraq to increase southern crude export capacity by half a million barrels per day in just over a year according to the Iraq Oil Report.

  • The Cabinet said it had “suspended the implementation" of the authorization it granted less than a month ago for further scrutiny for the Sealine 3 project.
  • The Sealine 3 project has been touted as a major step forward in easing bottlenecks currently curtailing Iraqi exports.
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