Maliki Heralds Construction of Karbala Refinery

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) 

 

5 Responses to Maliki Heralds Construction of Karbala Refinery

  1. Rizgar February 25, 2014 at 2:37 am #

    It seems way too much cost to build such a refinery!! I suggest the Iraqi government audit/investigate this price tag prior to starting it. 140,000 BPD refinery in American does NOT cost $6.0 Billion to build! It remains a mystery to me why the Iraqi government is agreeing to this huge price.

    Good luck,
    Rizgar
    Washington, DC

  2. Nabi February 26, 2014 at 9:22 pm #

    It cost 6 billion because its in war-torn Iraq. In Karbala, one of the most contested areas in Iraq. How can you compare to the cost of a facility in Iraq to one in the US, and even think the price will be close. Its obvious you have not spent much time or conducted much work in Iraq.

  3. Rizgar April 3, 2014 at 6:54 pm #

    Nabi,

    why don’t you use your “real” name so I can answer your question and get into details about this project??

    Rizgar