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The Ministry of Oil is offering the Samawa refinery to investors

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The Ministry of Oil is offering the Samawa refinery to investors

Post by RamblerNash on Thu Jul 19, 2018 9:40 am

The Ministry of Oil is offering the Samawa refinery to investors

Oil worker in southern Iraq
Economy News Baghdad

Announced the Ministry of Oil, put the Samawa refinery in the province of Muthanna investment, a capacity of 70 thousand barrels per day.

The ministry said in a statement, followed by "Economy News", "The refinery will be a capacity of 70 thousand barrels / day and be implemented in the style of BOOT or BOO in accordance with the investment law in refineries No. 64 of 2007 and its amendments."

It added that the refinery's products should be "environmentally friendly and in conformity with the international standards ( EURO 5 )," adding that the investor will include tax exemptions "under the Investment Law No. 13 of 2006".

"According to the statement," Under the second amendment to the Investment Law No. 64 of 2007, the discount rate on the price of crude oil on the ship is 8%, not less than (5) dollars and not more than (10) dollars from the world price.

She pointed out that "the closing date of the sale of bags will be the end of the official working day on Sunday, 2/9/2018 and the deadline for receipt of documents submitted by companies wishing to invest in the refinery above the end of the official working day on Sunday, 30/10/2018.


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