Oil

Workers build the first new storage at Fao in March 2011. (ALI ABU IRAQ/Iraq Oil Report)

Fao project delays to cause massive export shut-in

Because of chronic setbacks at the Fao storage depot, Iraq will fail to meet its export potential until at least 2018, preventing the sale of billions of dollars worth of oil.

Production & Exports

More in Production & Exports

Fao project delays to cause massive export shut-in

Workers build the first new storage at Fao in March 2011. (ALI ABU IRAQ/Iraq Oil Report)

Because of chronic setbacks at the Fao storage depot, Iraq will fail to meet its export potential until at least 2018, preventing the sale of billions of dollars worth of oil.

More

Refineries & Fuel

More in Refineries & Fuel

Iraq lands first refinery investor

Satarem CEO Jerome Friler (left) shakes hands with an Oil Ministry refining official as Prime Minister Nouri al-Maliki (center), Oil Minister Abdul Karim Luaibi (right) and Deputy Prime Minister for Energy Hussain al-Shahristani (left) look on. (Source: Prime Minister's Office)

Swiss firm Satarem has signed a "binding MoU" to build and operate a $6 billion refinery in Missan province – the Oil Ministry's first success in attracting private refinery investment.

More