Iraq Inks Deal to Develop Subsea Oil Pipeline

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Iraq has signed a deal to establish a subsea oil pipeline for exports via its southern ports, the country's oil ministry said on Sunday.

The project is in cooperation with Italian offshore contractor Micoperi and Turkey's Esta for a pipeline with capacity of 2.4 million barrels per day (bpd), the ministry said without providing further detail on the destination of the exports.

(Reuters - Reporting by Muayad SuadiWriting by Jaidaa Taha and Menna Alaa El DinEditing by David Goodman)