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FINANCIAL NEWS
Iraq restarts production at Baiji refinery
15 Aug 2010
(MENAFN) Iraq’s state-owned North Refineries Company announced that it has started production at its Baiji oil refinery and was looking to boost production levels to 80 percent to make up losses after a shutdown, AFP reported.
An official at the refinery, north of Baghdad, said all production units were operational after it shut down due to an electrical fault caused by overloading of the grid. The Baiji refinery normally operates at 70 percent of its production capacity.
The official said of the three units at the refinery, two were working at 70-75 percent of production capacity, while one was at 65 percent.
North Refineries Company, which operates the refinery, has a capacity of 300,000 barrels per day.
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