The latest news on new Iraq oil refineries – crude oil – Baiji, Beiji, Bayji, Kirkuk, Maysan and more – brought to you by Iraq Business News
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Refining Sector: Reality Check and Policy Thoughts for Consideration This Executive Summary falls in two parts: Part One provides brief baseline survey and situation analysis and thus it deals with two […]
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 […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Remarks on the Second Amendment of Oil Refining Investment Law 64 of 2007 The Second Amendment of Oil Refining Investment Law has specific very serious flaws, and should be either rejected or […]
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 […]
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 […]
By John Lee. The Japanese government has reportedly agreed to lend $2.1 billion to Iraq to develop Basra refinery. The Head of Oil and Gas Committee of the Basra Provincial Council, Ali Shaddad [Ali Shadad Al Fares] said: “The Japanese government has agreed to lend Iraq a loan of 2.1 billion US dollars to execute […]
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 […]
Honeywell has announced that it will provide industry-leading process technology and advanced automation controls to Iraq’s Karbala refinery, now under construction in Karbala Province, about 120 kilometers south of Baghdad. According to a statement from the company, the grassroots refinery will use industry-leading refining processes from Honeywell UOP and automation controls from Honeywell Process Solutions […]
Veolia Water Technologies has been selected by HDGSK Joint Venture to supply a Zero Liquid Discharge Evaporator and Crystallizer for the Karbala Refinery Project in Iraq. Veolia will engineer, procure and deliver a Zero Liquid Discharge system based on its proven HPD® Brine Evaporator and Brine Crystallizer technologies for calcium sulfate seeded slurry processes. Iraq's […]
By John Lee. Iraqi security forces claimed on Thursday to have taken control of most of Baiji oil refinery from the Islamic State group (IS, ISIS, ISIL). But the complex is reported to have been almost completely destroyed in the long battle for control of the site and nearly town. According to Reuters, conservative estimates […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces and Shiite militias continue to fight Islamic State group jihadists for control the Baiji refinery, Iraq's largest:
By John Lee. France's Technip, in partnership with UNICO, a Japanese engineering consultant, has been awarded a Project Management Consultancy (PMC) contract on a reimbursable basis, for the upgrading of the Basra refinery. This contract, awarded by Ministry of Oil's South Refineries Company (SRC), covers the engineering, procurement, construction, commissioning, start-up and warranty management phase […]
