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Iraq to tender $1bn new refinery
- Iraq: Wednesday, July 20 - 2005 at 07:26
Iraq is to ask foreign companies to bid for a $1bn new oil refinery project later this month which is 70km north-west of Baghdad, reported Bloomberg. The Al Nahrain or two rivers project is for a 140,000 bpd refinery to process Basra crude. Iraq presently has to spend $2bn a year on importing fuel products.
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Peter J. CooperWednesday, July 20 - 2005 at 07:26 UAE local time (GMT+4)
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This article was updated on Sun Oct 22 2006.
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