By John Lee. The Iraqi government has approved new measures to support oil marketing, storage, and domestic fuel supply, including expanded operational flexibility for key state entities. Under the decision, Iraqi Oil Tankers Company (IOTC) has been authorised to lease available tankers in the Gulf region for use in storage or other purposes aimed at extending […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has announced that Iraq's refining capacity will soon reach 1,542,000 barrels per day (bpd) following the expansion of key refineries. During a visit to Maysan province, the Prime Minister inaugurated the Maysan [Missan] Refinery Development Project, which will increase its capacity from 40,000 to 110,000 bpd. He […]
By John Lee. Iraq's Deputy Minister of Oil for Refining, Hamid Younis (pictured), has announced the ministry's commitment to achieving self-sufficiency in all types of petroleum products to support the national economy. The country has already stopped importing gas oil (kerosene) and white oil, and has significantly reduced gasoline imports. Younis highlighted ongoing projects aimed […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Latest statement by the Minister of Oil causes concerns The Minister of Oil, Mr. Jabbar. A.H. Luiebi, gave an interview to Ben Lando, of the reputable Iraqi Oil Report (IOR), that was […]
The World Refining Association (WRA) today announced the return of Middle East Downstream Week (MEDW) 2012. The conference will highlight the significant benefits that can be achieved in the downstream industry through diversification strategies, integrations plans and key business improvements during times of financial unrest where crude is priced at US$100 per barrel. To be […]
The Council of Ministers approved on Thursday the first amendment of the special investment draft law in refining crude oil to encourage the Iraqi and foreign private sector to invest in this field
