The latest news on new Iraq oil refineries – crude oil – Baiji, Beiji, Bayji, Kirkuk, Maysan and more – brought to you by Iraq Business News
Iraq restored partial operation at its largest oil refinery on Monday after a two-day shutdown due to a bomb attack, Reuters reports. "We have restarted production operation at 50 percent of the original capacity on Monday," Abdul-Qader Saab, the refinery's deputy manager, said. The militants planted explosives at a kerosene and benzene production unit at […]
Gunmen shot their way into Baiji [Bayji] refinery early on Saturday, killing five members of staff, according to the Washington Post. Guards killed two of the gunmen, but the rest escaped. The gang set off explosions that forced the facility to shut down for at least two weeks, officials said. Baiji, situated about 150 miles […]
Iraq wants Brazilian state-run energy company Petrobras to help the country increase its refining capacity, Iraq's vice prime minister for energy policy, Hussain Al-Shahristani, told Brazilian business daily Valor Economico. "Companies from China, South Korea and Europe are interested, but we would also like to have Petrobras involved because of its importance." Dow Jones reports […]
Iraq plans to double refining capacity by 2020 to meet domestic demand and allow for exports, according to an article from Bloomberg. Iraq plans to increase its daily oil-processing capacity to 1.5 million barrels by the end of the decade from 750,000 barrels today, Iraqi Deputy Minister Ahmed al-Shamma told reporters in Tokyo on Tuesday. […]
Bloomberg reports that Iraq has awarded gasoline and gasoil supply contracts for the first half of the year. Traders Trafigura Beheer BV, Glencore International AG, and International Petroleum Group of Kuwait won contracts to supply gasoline through June, three of the people said, asking not to be identified since the discussions are confidential. Iraq will […]
The Iraqi Oil Ministry has announced a plan to equip three refineries with modern equipment that would help in producing oil derivatives. The Undersecretary of the Oil Ministry, Ahmed Shaiyaa, told AKnews that the ministry plans to rehabilitate three refineries: Baiji [Bayji] (pictured), Kirkuk, and Doraa [Doura]. "The ministry will contract with a number of […]
The first of three new refineries in Iraq’s northern Kurdistan is expected to start selling petrol for the first time next week. The 98-octane gasoline will be sold to petrol stations in the semi-autonomous region, Ali Hussein Ballo, a consultant at the natural resources ministry said in a telephone interview with Bloomberg. The Khabat refinery, […]
Iraq will soon achieve self-sustainability in oil products with the completion of the four new oil refineries now under construction, the Director General of the General Company for Southern Oil Refineries said on Wednesday. “Our production of oil products is presently increasing, as we have boosted the production of petrol about two-fold, and the coming […]
Iraq is prepared to stump up for the cost of building one of the four refineries planned if investors can’t be found, the Deputy Oil Minister, Ahmed al-Shamma, has said, according to a report from Bloomberg. The total value of the refinery-building program is variously stated as $9bn and $20bn, depending on the source. The […]
Iraq plans to build four new refineries with an announcement expected in 2011, the country's deputy Oil Minister Motassam Akram Hassan said on Sunday, adding that the bidding round could be conducted for all four refineries at once. Reuters reports that total expenditure on the four plants is expected to be at least $9 billion. […]
The deputy director of the Babel Investment Commission said that an Iranian company has been granted an investment licence to build an oil refinery in the province. Abbas al-Tai told AKnews that the Iranian company, IR Haval, will set up the refinery for filtering diesel oil, which is produced in abundance by the Iraqi refineries. […]
Syria's Oil Minister Sufian Alao [Sufian Allaw] has met representatives of Chinese companies in Beijing to discuss the long-delayed refinery project that could help save Syria billions of dollars in fuel imports. The refinery could eventually take oil from Iraq, if political differences between Syria and Iraq that have delayed plans to re-activate an oil […]
