Iraq’s oil ministry said it will build an oil refinery in the port town Faw, south of Basra with two Chinese firms.
Iraq’s oil ministry said it will build an oil refinery in the port town Faw, south of Basra with two Chinese firms.
The refinery will have a capacity of 300,000 barrels per day, include a petrochemical plant, and be built near the export port in Faw, Iraq’s Ministry of Oil said in a statement.
It is also seeking out investors to build three other refineries. Two refineries with capacity of 150,000 bpd and 100,000 bpd are planned for Anbar and Al Qayyarah. The third, with a 150,000-bpd capacity, is planned in Nasiriyah, Dhi Qar.
The refinery is part of the ministry’s plans to achieve self-sufficiency for refined products as well as boost petrochemical exports as it looks to support government revenues.
Source: Pipeline ME
