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.
Refineries & Fuel
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The KRG has begun sending crude to Turkey in exchange for refined products, as the oil conflict with Baghdad heats up.
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Kurdistan's export agreement with Baghdad is deteriorating and its production capacity is rising – so the region is relying more and more on an expanding refining sector.
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Potential investors face a looming deadline to bid on four refinery deals, and Iraq Oil Report has obtained the specs and investment terms of the projects.
