Security of Iraq oil expected to improve with Umm Qasr port revamp
Plus: *After the Istanbul meetings with international oil companies *Now Prime Minister Maliki takes charge *Electricity Ministry reaches out to Iran, Syria, Turkey counterparts *Obama calls Turkish leaders, talks include Iraq *Japan makes pre-loan visit to Basra *U.S. says Western investment incoming *Pres. Talabani's party in limbo *Much more The Iraqi Navy is paying the […]The Iraqi Navy is paying the U.S. Army Corps of Engineers to revamp part of Umm Qasr port in southern Iraq, the first Iraq to U.S.ACE Foreign Military Sales project and vital to securing oil exports.
The Iraqi government in effect has contracted Corps' Gulf Region Division for a $53 million rehabilitation of the Umm Qasr pier and seawall near the Kuwait border on the western side of the al-Faw Peninsula, which juts into the Persian Gulf, Ben Lando reports for United Press International.
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