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Oil: an investment opportunity to establish a refinery in FAO with a capacity of 300 thousand barrels per day
economy Since 2017-06-08 at 12:42 (Baghdad time)
Baghdad Mawazine News
The Ministry of Oil announced on Thursday that there is an investment opportunity to set up an export refinery with a capacity of 300 thousand pumil a day in the city of Faw in the province of Basra.
"The ministry announces an export investment refinery in the province of Basra / FAO with a capacity of 300,000 barrels per day, which can be expanded with the addition of petrochemical complex," a ministry statement said.
The statement added that "the implementation is in the style BOT and BOO according to the law of investment in refineries No. 64 of 2007 and its amendments," noting that "the products of the refinery must be environmentally friendly in accordance with international standards EURO-5."
He explained that "under the Investment Law No. 13 of 2006, the investor is covered by tax exemptions and the discount rate on the price of crude oil on board the ship is (8%) not less (5) dollars and not more than (10) dollars from the world price" .anthy 29 / a 43
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economy Since 2017-06-08 at 12:42 (Baghdad time)
Baghdad Mawazine News
The Ministry of Oil announced on Thursday that there is an investment opportunity to set up an export refinery with a capacity of 300 thousand pumil a day in the city of Faw in the province of Basra.
"The ministry announces an export investment refinery in the province of Basra / FAO with a capacity of 300,000 barrels per day, which can be expanded with the addition of petrochemical complex," a ministry statement said.
The statement added that "the implementation is in the style BOT and BOO according to the law of investment in refineries No. 64 of 2007 and its amendments," noting that "the products of the refinery must be environmentally friendly in accordance with international standards EURO-5."
He explained that "under the Investment Law No. 13 of 2006, the investor is covered by tax exemptions and the discount rate on the price of crude oil on board the ship is (8%) not less (5) dollars and not more than (10) dollars from the world price" .anthy 29 / a 43
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