Aug 18 2013
Azzaman, August 18, 2013
Iraq plans to build four new refineries that will see the country’s refining capacity surging to 1.5 million barrels a day, a senior Oil Ministry official said.
The official, Deputy Minister for Refining Affairs Fiyadh Niama, said work on the first refinery with a capacity of 140,000 barrels was scheduled to start by the end of 2013 in the southern Province of Karbala.
Two other refineries each with a capacity of 150,000 barrels a day will be constructed, one in the northern Province of Kirkuk and the other in the southern Province of Missan.
The fourth refinery with a capacity of 300,000 barrels will be built in the southern city of Nasiriya, Niama said.
Niama gave no date for the completion of the four refineries but said they would meet the country’s surging needs for fuel and end fuel exports.
Iraq’s current refining capacity is estimated at 700,000 barrels a day, but the existing refineries infrastructure is antiquated making it almost impossible for the plants to reach full capacity.
Earlier reports said that the government had allocated billions of dollars to revamp refining industry and build new refineries.
Currently, Iraq meets its fuel shortages via exports mainly from neighboring Iran.
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