“The ministry is continuing to negotiate with the South Korean Daewoo company regarding Al-Faw Grand Port project,” Al-Shibli said in a statement, adding that Daewoo has two contracts with the port which expire in 2021.
He noted that Iraqi authorities and the Southern Korean company have disagreements regarding the depths, timescales and payments.
The Iraqi minister explained that if no agreement is reached with Daewoo Engineering and Construction (Daewoo E&C), other companies have offered their services, including Chinese companies.
On Thursday, the Iraqi Ministry of Transport announced that Daewoo E&C had halted completion of the construction of the port.
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