By John Lee.
Prime Minister Nouri al-Maliki has spoken at a ceremony to mark the start of construction on Karbala’s forthcoming 140,000 bpd refinery, Iraq Directory reports.
As part of Iraq’s energy strategy to increase refining capacity to 750,000 bpd, the new $6 billion refinery will be constructed by a consortium led by Hyundai Engineering and involving the Refinery of Karbala Corporation over a period of four years. When complete it will produce a range oil and gas based products, including asphalt.
Iraq is planning 3 other major refineries, including the Nasiriyah Integrated Project, a 300,000 bpd refinery, the auction for which takes place on June 19th.
(Source: Iraq Directory)