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Iraq plans to construct five new refineries at a total estimated cost of USD 30 billion

September 12/2011

(Arabian Oil and Gas) -- In a bid to curb imports of refined oil products, the Iraqi government is progressing with plans to construct five new refineries at a total estimated cost of USD 30 billion, according to a Bloomberg report.


Deputy Oil Minister Ahmed al-Shamma, speaking at the Iraq Mining 2011 conference in London,  said he hoped the investment would increased domestic refining capacity to 900,000 barrels per day.


Four refineries planned for Kirkuk, Maysan, Nassiriyah and Karbala are in design and engineering stages and would together add 750,000 barrels a day of capacity. In addition, a proposed 150,000 barrel-a-day facility at Nineveh is at a provisional phase and would refine heavy crude once production starts at nearby oil fields.


The government also wants to add 70,000 barrels a day of capacity the Basra refinery through refurbishments and upgrades by the first half of next year.


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