$18B Iraq Pipeline To Get Boost From Trade Bank

Law360, New York (May 22, 2013, 2:17 PM EDT) -- The state-backed Trade Bank of Iraq is gearing up to invest in at least one leg of an $18 billion oil export pipeline network connecting to Jordan, according to a Wednesday report.

The bank plans to be a member of an undisclosed consortium of lenders pitching in to the project, which will require at least $3 billion of financing for the section within Iraq, Trade Bank Chairwoman Hamdiyah Al Jaff reportedly told Dow Jones. The proposed pipeline system has three connecting legs, though one connecting to...
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