Oil Ministry offers investment opportunities in refining sector
The Basra Refinery. Photo: Prokop Engineering
Baghdad (IraqiNews.com) – The Iraqi Minister of Oil, Hayan Abdul-Ghani, announced on Wednesday that a number of investment opportunities will soon be offered in the refining sector, according to the Oil Ministry statement cited by the Iraqi News Agency (INA).
Abdul-Ghani explained that a number of investment opportunities will soon be presented in the refining sector in some governorates in northern, central and southern parts of the country, the statement mentioned.
The ministry, within plans to increase refining capacities, will offer investment opportunities in the Al-Amarah refinery in Maysan governorate with a capacity of 150 thousand barrels per day, the Muthanna refinery with a capacity of 100 thousand barrels per day, the Kirkuk refinery with a capacity of 100 thousand barrels per day, and the Qayyarah refinery with a capacity of 70 thousand barrels per day, the statement explained.
The opportunities also include an additional unit with a capacity of 70 thousand barrels per day to be added to Dhi Qar refinery which already produces 30 thousand barrels, in addition to the establishment of a new refinery in Dhi Qar governorate with a capacity of 150 thousand barrels per day, the statement revealed.
The Ministry of Oil announced earlier it is adding a new production unit in the Diwaniyah refinery with a capacity of 70 thousand barrels, in addition to the imminent start of actual production of the Karbala oil refinery with a capacity of 140 thousand barrels per day.