Iraq plans to build four new refineries with an announcement expected in 2011, the country’s deputy Oil Minister Motassam Akram Hassan said on Sunday, adding that the bidding round could be conducted for all four refineries at once.
Reuters reports that total expenditure on the four plants is expected to be at least $9 billion.
Asked how many refineries Iraq planned to build, Akram listed four sites: Kirkuk, Kerbala, Nassiriya and Maysan.
“The [refining] capacity in the south is not enough to export,” Akram said.
Iraq’s eight oil refineries have a capacity of 659,000 bpd, and the new refineries will more than double this:
- Nassiriya, southern Iraq, 300,000 bpd;
- Kirkuk, in the north, 150,000 bpd;
- Maysan, in the south, 150,000 bpd;
- Karbala, close to Baghdad, 140,000 bpd.