Momentum for Fao refinery project

Chinese consortium is expected in Baghdad for a signing ceremony this month to finalize a deal for a 300,000 bpd refinery complex.
Workers at the South Refineries Company's Basra refinery on July 20, 2016. (ALI AL-AQILY/Iraq Oil Report)

BASRA - Iraq is poised to move forward with a Chinese consortium to build the long-anticipated Fao refinery in Basra, according to four officials familiar with the status of the deal.

The Chinese firm Hualu, a subsidiary of the state-owned China National Chemical Engineering Co. (CNCEC), is scheduled to sign a contract in Baghdad at the end of April, according to the officials. One Iraqi oil official said the signing date is set for April 23.

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