Citigroup May Fund Iraq-Jordan Oil Pipeline, Official Says
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Citigroup Inc. is among international banks seeking to finance a pipeline that Iraq plans to build to export crude oil and natural gas through neighboring Jordan, an official at the State Company for Oil Projects said.
The Iraqi government expects to preselect companies from among 40 bidders vying to build and finance the pipeline from the central town of Haditha to Jordan’s Red Sea port of Aqaba, Nateq Balasem Khalaf, deputy director general of the state-run company, said in an interview in Baghdad.