Iraq offers three refineries for investment

Iraq offers three refineries for investment



25/01/2018

Economy News _ Baghdad

The National Investment Authority announced on Thursday that Iraq intends to put three refineries for investment during the Kuwait conference for the reconstruction of Iraq to be held next month, indicating that the implementation will be "BOT" or "BOO".

In a statement received by the "Economy News", the authority said that "Iraq will be presented during the Kuwait International Conference, which will be held for the period from 12 to 14 February next three refineries for refining oil and different cards for investment."

"The refineries will include the Faw refinery in Basra with a capacity of 300,000 barrels per day, while the second will be in Anbar province with a capacity of 150,000 barrels per day, in addition to the refinery of Nasiriyah in the province of Dhi Qar with a capacity of 150 thousand barrels."

The Authority noted that "the implementation proposal will be BOT or BOO according to the law of crude oil liquidation No. 64".

Iraq is suffering from the provision of its oil facilities, which often produce less than the capacity of design, and Iraq has three large refineries are the refinery and refinery Basra and the refinery Baiji, as well as 10 other small oil refineries scattered in a number of Iraqi provinces, and a number of refineries in the Kurdistan region .

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