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Iraq plans to establish a "Faw refinery" with a capacity of 300,000 barrels
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Economy News - Baghdad
On Sunday, the Ministry of Oil revealed a plan to establish the "Al-Faw refinery" with a production capacity of 300,000 barrels per day.
"One of the ministry's plans is the Al-Faw refinery project with a production capacity of 300,000 barrels. It is an investment project, and it will also be with the petrochemical plant," said ministry spokesman Assem Jihad.
He explained, "The Al-Faw refinery project has not been announced yet, and when we reach an agreement with a global investment company or a consortium of companies or otherwise, then upon agreement the project will be announced."
He continued, "The Al-Faw project is part of the investment opportunities provided by the government and the relevant ministries, including the Ministry of Oil, to cooperate in this framework," according to the official agency.
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Added 05/07/2023 - 2:04 PM
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Economy News - Baghdad
On Sunday, the Ministry of Oil revealed a plan to establish the "Al-Faw refinery" with a production capacity of 300,000 barrels per day.
"One of the ministry's plans is the Al-Faw refinery project with a production capacity of 300,000 barrels. It is an investment project, and it will also be with the petrochemical plant," said ministry spokesman Assem Jihad.
He explained, "The Al-Faw refinery project has not been announced yet, and when we reach an agreement with a global investment company or a consortium of companies or otherwise, then upon agreement the project will be announced."
He continued, "The Al-Faw project is part of the investment opportunities provided by the government and the relevant ministries, including the Ministry of Oil, to cooperate in this framework," according to the official agency.
Views 152
Added 05/07/2023 - 2:04 PM
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