Oil Ministry releases new Basra refinery details
The prospective 300,000 bpd facility, located in the Fao area, would produce fuels for export - a proposition that could pique investor interest.
The Daura Refinery was built in 1955. Iraq is hoping to get foreign investment in new refineries to expand production around the country. (BEN LANDO/Iraq Oil Report)
Iraq's Oil Ministry officially began soliciting investors Tuesday for a prospective oil refinery project in Basra's Fao area.
The proposed refinery, if built, would process 300,000 barrels per day (bpd) of crude, producing both fuels and petrochemicals, the ministry said in a statement.
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