Iraq to Build 5 New Refineries
The Iraqi Ministry of Oil has reportedly announced that it will select a number of international investment companies to build five new refineries around the country:
- Kirkuk with a capacity of 70,000 barrels per day (bpd)
- Wasit capacity of 140,000 bpd
- Nasiriyah capacity of 140,000 bpd
- Basra capacity 140,000 bpd
- al-Faw capacity of 300,000 bpd.
According to Asharq Al-Awsat, the Ministry is financing Karbala refinery, which is about 78 percent completed, and once it is fully constructed, it will provide about nine million litres per day of high-quality gasoline, in addition to various oil derivatives in accordance with international standards.
Source: Iraq Business News