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