UAE Group to Invest in Oil Refinery

THI QAR / IraqiNews.com: A United Arab Emirates Group Wants to Invest in a Refinery with the capacity of 300 thousand b/d, Thi Qar Investment Commission announced today.  Head of the Investment Commission Dr. Loay Al-Kheirallah told IraqiNews.com that the UAE group proposed erecting the refinery to cover the local shortage.  “The group will submit its request to the Iraqi Ministry of Oil”, he added.  Head of the UAE delegation announced that this project will provide 6000 work opportunities in addition to building 750 housing units and power generation station with the capacity of 250 megawatts.  Media director of the commission Muheeb Al-Hilali that the delegation met with the governor Talib Al-Hassan who expressed his full support for the project and readiness to extend all assistance in accordance with Law  64 of 2007 of special investments in the oil sector.  The UAE group, Kahlid Group, is specialized in trading and services of oilfields and gas. It is stationed in Abu Dhabi.  Thi Qar province has proven oil reserves about 20 billion barrels in five un-invested oil fields.  Nasiriyah, center of the province, lies 380 km south of the capital, Baghdad.  RM (TS)/SR 834