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(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.
mrcplast.com
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