The latest news on new Iraq oil refineries – crude oil – Baiji, Beiji, Bayji, Kirkuk, Maysan and more – brought to you by Iraq Business News
At the 'Iraq: Untapped Opportunities' conference in London last week, the Deputy Prime Minister with responsibility for energy, Dr Hussain al-Shahristani (pictured), said Iraq needed $200 billion (240 trillion Iraqi dinars) of investment in the energy sector over the next six years. This investment would be broken down as follows: $100bn to develop upstream oil […]
The North Oil Company (NOC) is hindering the construction of a refinery in the oil-rich disputed province of Kirkuk, a local official said on Wednesday. The refinery is one of four projects that the Iraqi Oil Ministry tendered to foreign companies for final designs late October. The four refineries to be located in Kirkuk, Karbala, […]
Bloomberg reports that Iraq will ask companies to build an oil refinery when it invites bids to develop the Nasiriyah field south of Baghdad. Abdul- Mahdi al-Ameedi, the head of the ministry’s licensing department, said, “we will not develop the Nasiriyah oil field on its own but in tandem with the establishment of a refinery”. […]
The State Company for Oil Projects (SCOP), part of the Iraqi Ministry of Oil, has awarded the French-based Axens, a fully-owned subsidiary of IFP Energies nouvelles, the Basic Design and License contracts for the construction of the new refinery in Nassiriya, Iraq. Axens will supply the following process technologies for the refinery: H-Oil RC technology […]
The Iraqi Oil Ministry wants to build two new refineries in the provinces of Karbala [Kerbala] and Missan [Maysan], in order to reduce the country's dependency on foreign oil imports, according to AKnews. The one in Karbala will produce up to 140.000 barrels of fuel per day, the one in Missan up to 150,000. The […]
Bloomberg reports that Iraq is seeking about $30 billion in investment to build five new oil refineries as it plans to add enough fuel-processing capacity to avoid importing gasoline and diesel. The projects would boost Iraq’s capacity to refine crude oil into fuel by 900,000 barrels a day, the country’s Deputy Oil Minister Ahmed al-Shamma […]
Citadel Capital reports that it has concluded a memorandum of understanding (MOU) with the Petroleum Ministry of Iraq to build a 150,000-barrel-of-oil-per-day (BOPD) complex petroleum refinery in Iraq. Under the terms of the MOU, the Ministry of Petroleum would guarantee the refinery its feedstock and purchase the refined products under a 25-year off-take agreement at […]
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. […]
The Iraqi Ministry of Oil signed a Memorandum of Understanding (MoU) in principle with a group of Italian investors to build a refinery in Karbala, the oil undersecretary for refineries affairs said on Tuesday. Ahmed al-Shamma said in a statement that the signature was made to enable the consortium complete its procedures for the project, […]
On July 21, U.S. Consul General Piper Campbell, on behalf of the U.S. Trade and Development Agency, signed an agreement with the Director General of the South Refineries Company, Mr. Abdul Hussein Nasir Qasim, which grants $502,798 to the SRC to conduct a feasibility study for the rehabilitation of its Basrah refinery. This rehabilitation will […]
Bloomberg reports that Iran has agreed to supply 1.5 million liters a day (9,400 barrels), of gasoil to Iraq over the next 12 months for power generation. Masaab Serri, spokesman for the Iraqi Electricity Ministry, said in an interview that the fuel will enable power plants to generate 250 megawatts, according to the agreement signed […]
Iraqi Prime Minister Nuri al-Maliki has ordered the army to increase its protection of the country’s pipelines and refineries. “Any breaches will cause problems at the Dora [Doura, Daura] and Baiji [Bayji] refineries (pictured) and the pipelines feeding the power stations,” Maliki said yesterday during a televised Cabinet meeting on the government’s performance during its […]
