KRG to tender three new refineries

The new projects could bring 150,000 bpd of new refining capacity and help push the KRG from subsidies to market-based fuel pricing.
The Lanaz oil refinery on the Gwer road west or Erbil, March 31, 2015 (PATRICK OSGOOD/Iraq Oil Report)

ERBIL - The Kurdistan Regional Government (KRG) is hoping to attract private bids for three new refineries with a total of 150,000 barrels per day (bpd) of capacity, in an attempt to bridge the gap between uneven domestic fuel supply and rising demand.

In tandem with these efforts, government officials hope to reform the structure of Kurdistan's downstream sector, aiming to wean it from expensive subsidies.

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