Tag Archives | Refineries

The latest news on new Iraq oil refineries – crude oil – Baiji, Beiji, Bayji, Kirkuk, Maysan and more – brought to you by Iraq Business News

Capacity Increased at Kirkuk Oil Refinery

By John Lee. The Iraqi Oil Ministry has said that the North Refinery Company (NRC) has successfully added 10,000 barrels per day (bpd) capacity at Kirkuk oil refinery. The new unit brings total capacity to 40,000 bpd, with another 10,000 bpd planned to be added by the end of the year. It will produce oil […]

More Details on New Basra Refinery Project

By John Lee. The Ministry of Oil has given more information on the new investment opportunity to build a new 300,000-bpd refinery in Basra’s Faw (Fao). The refinery is capable of being extended by adding new units for the petrochemicals industries. The execution is according to the methods of BOT or BOO according to the […]

Iraq considers building Oil Refinery in Pakistan

By John Lee. According to a report from Radio Pakistan, Iraq wants to build an oil refinery at Pakistan’s Gwadar Port. Iraqi Ambassador Dr. Ali Yassin Mohammad Karim is said to have discussed the issue with Pakistan’s Minister for Ports and Shipping, Mir Hasil Khan Bizenjo, at a meeting in Islamabad on Wednesday. The development […]

Diwaniya New Refinery: Another Dubious Proposal?

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Two recent statements from a non-oil producing province proposing a new oil refinery in the province, to be financed by private investor(s), were reported by local media. No reference was found to […]

Iraq Invites Investment in new Refineries, Storage Tanks

By John Lee. Iraq’s new oil minister, Jabbar al-Luaibi, has invited international oil companies to invest in four new oil refineries across the country: Kirkuk: 150,000 bpd; Kut: 100,000 bpd; Samawa: 70,000 bpd; and, Basra: 100-150,000 bpd. Contracts will be considered on both BOT (Build–Operate–Transfer) and BOO (Build–Own–Operate) bases. The Minister made the announcement during […]

Karbala Refinery Project “Halted … Solvency Concerns”

By John Lee. Work on a the $6-billion Karbala Refinery Project has reportedly been suspended. According to Korea Times, the work has been halted “due to the Iraqi government’s late construction payment, raising concerns about its solvency.” The Engineer, Procure and Construct (EPC) contractor for the Karbala Refinery Project is HDGSK, a South Korean joint […]