$4B oil refinery to be set up in Missan

MISSAN / IraqiNews.com: The Iraqi Ministry of Oil is planning to build a new oil refinery in Missan province at a cost of $4 million U.S. dollars, Missan’s mayor said on Wednesday. “During the coming few days, the Ministry of Oil will sign a contract for the establishment of a refinery with a capacity of 150,000 barrel per day (bpd),” Adel Mahodar told IraqiNews.com, noting that the completion period is 18 months. “The project will be referred to the cabinet for approval given the high cost of the project,” the mayor explained. Missan is a Shiite province. Its capital city is al-Amara. Sitting on the Tigris River, Amara lies 390 km south of Baghdad. Missan, in the east of the country, bordering Iran, is home to many marsh Arabs.   SS (P)/SR 1