By John Lee.
Iraq's Ministry of Oil has awarded the Al Faw [Al Fao] refinery and petrochemicals project to two Chinese companies.
In a statement, the ministy named the companies as Power China and "Nerco Chinese Companies".
Mr. Assim Jihad, the spokesman of the Ministry, said the refinery will have a capacity is 300,000 barrels/day.
He added that the project contains an integrated complex for petrochemicals, in addition to another facilities near the export port in Faw.
The ministry is planning to become self-sufficient in oil products by investing in the refining sector, and to become an exporting country.
Invitations will soon be issued to investment companies to participate in the Anbar refinery (150,000 bpd), Qayara refinery (10,000 bpd), and Thi-Qar [Dhi Qar] refinery (150,000 bpd), in addition to other projects to be announced soon.
(Source: Ministry of Oil)