Wassit Province signs MOU with US company to build oil refinery

WASSIT / IraqiNews.com: Southern Iraq’s Wassit Province ’s Council has signed a Memo of Understanding (MOU) with an American company to build an oil refinery with a daily capacity of 150,000 barrels, the Council’s Media Member, Taha al-Rudeiny reported on Thursday.   “Wassit Province’s Council has signed an MOU on Thursday with the American BMG Company for the construction of an oil refinery in western Kut’s al-Ahdab Oil Field, with a capacity of 150,000 barrels per day (BPD),” Rudeiny told IraqiNews.com news agency, adding that the Council had got the preliminary official approval by the Ministry of Oil for the deal.   He said the American company had expressed wish to implement the project, to take place with the beginning of the pumping of oil from al-Ahdab Oil Field, 25 km to the east of Kut.   Kut, the center of Wassit Province , is 180 km to the southeast of Baghdad .   SKH (ST) 447