USACE unveils tender for Iraqi oil restoration work

07/28/2003
Soliciting proposals for work to restore the Iraqi oil and natural gas industry, the US Army Corps of Engineers (USACE) estimates that funding requirements might reach $1.68 billion.And it says looting through the end of May had cost the Iraqi industry twice as much as damage from the war to expel former President Saddam Hussein.The restoration total represents what USACE calls "a budget-quality estimate (conceptual level) for the work necessary to restore the Iraqi oil industry to a prewar level" of operation.Central to that effort, USACE says, are:• Restoring LPG production capacity to levels able to meet domestic needs of about 5,000 tonnes/day by yearend.• Returning oil prod...
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