Iraq Seeks Investors to Build Refinery
Iraq Seeks Investors to Build Refinery

Iraq Seeks Investors to Build Refinery

Iraq Seeks Investors to Build Refinery

Iraq is inviting companies to bid for building a 70,000-bpd oil refinery near the town of Haditha in the Anbar Governorate, the oil ministry said. Investors willing to take part in the tender have until June 14, 2018, to file offers, the ministry said, Oil Price reported. The Anbar refinery project is offered on a Build-Own-Operate or a Build-Own-Operate-Transfer basis. Building the refinery is part of Iraq’s program to boost oil processing capacity and reduce the import of oil products. Earlier this week, Iraq’s Oil Ministry said the country aims to reduce its oil product imports by 25%, as it is seeking to refurbish and restart oil refineries after it expelled the self-styled Islamic State terrorist group from its territory, without giving a timeline for that 25% import reduction. Iraq, OPEC’s second-largest oil producer, is adding more production units at refineries in the central and southern parts of the country and is producing more oil products from processing natural gas liquids.

Short URL : https://goo.gl/WXjien
  1. https://goo.gl/2NtfRA
  • https://goo.gl/sKD1gY
  • https://goo.gl/Y6dB3Q
  • https://goo.gl/jg8jNG
  • https://goo.gl/BRPvzj

You can also read ...

Oil futures are sliding on expectation of higher Russian and Saudi production.
US President Donald Trump's unilateral decision to withdraw...
Aramco IPO Likely In 2019
Saudi Aramco’s much-hyped initial public offering is “most...
Record Conformity Level in OPEC, Non-OPEC Output Cut
The 24 OPEC and non-OPEC producing countries participating in...
1st Platform of Iran's South Pars Phase 22 Installed
In line with plans to boost gas output from South Pars Gas...
Japan Refiners Undecided on Iran Import
Japanese oil refiners will likely take a few months to decide...
The Iranian government provides power firms’ with the US dollar  at  42,000 rials.
Iran’s rial devaluation against the US dollar is not expected...
Iranian Crude at $76.6 pb
Iran's crude oil prices continued to advance in the week to...

Add new comment

Read our comment policy before posting your viewpoints