Iraq Signs Off On $15B In Pipeline Deals

Law360, New York (February 20, 2013, 2:15 PM EST) -- The Iraqi government greenlighted a pair of pipeline projects worth about $15 billion — one will provide a key link between Iran and Europe, while the other will bolster Iraq's crude oil export business, according to a Tuesday statement.

Iraq's Cabinet directed the oil minister to sign off on a framework agreement with Iranian and Syrian counterparts, allowing a $10 billion pipeline linking Iranian gas fields to Europe to cut across Iraq. Officials also signed off on an agreement with Syria and Jordan to export more...
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