A refinery with a capacity of 150,000 barrels per day will be constructed by the Egyptian Qalaa Company in Nineveh province.
In a statement, Deputy Oil Minister Ahmed Shamaa said the Ministry of Oil has contracted Qalaa to establish the refinery which will process the crude oil from the Najma and Gayar fields near Mosul.
Deputy Oil Minister Ahmed Shamaa told Aswat al-Iraq that the refinery will be built in Mosul and will be supplied by crude oil from Najama [Najma] and Qayara [Gayar] oil fields.
According to the contract, the Company has three years to investigate the site and prepare design for the facility.
The contract also makes provisions for the Egyptian firm to open its own petrol stations and benefit from the refinery’s by-products.
The Minister gave no indication of the value of the deal.
(Sources: Aswat al-Iraq, AKnews)