Iraq receives Saudi offer to rebuild oil pipeline

Iraq's Oil Ministry is studying an offer submitted by a private Saudi company to rebuild the idled Iraq Saudi oil export pipeline, ministry spokesman Asim Jihad told Reuters on Sunday.
Jihad and a representative of the Saudi firm, Ali Mahir, said the offer proposed involving Japan's Mitsubishi and a Hungarian company identified as OTV, which took part in the construction of the original 626 km (390 mile) pipeline.
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Source: Arabian Business