Iraq is planning to build an oil refinery in the Southern Faw Peninsula with a production capacity of 300,000 barrels per day (bpd), Zawya Projects reported on Monday, citing Iraq’s official news agency.
The Oil Ministry is in touch with foreign firms for the project, which will be announced after an agreement is signed, it said, quoting Oil Ministry spokesman Assim Jihad.
Jihad said the refinery would be awarded as an “investment project” and that it could also include a petrochemical plant.
“After we reach an agreement with a foreign company or a consortium of foreign firms, we will announce project details,” he said.
Iraq, OPEC’s second largest oil producer, is planning to build several oil refineries in a post-war drive to develop its hydrocarbon sector and other facilities.
Last month, Iraq’s Ministry of Oil said it had initiated the tendering process for the construction of three refineries as Public-Private Partnership projects.
