25 Jul 2011
(MENAFN) The Refinery of Karbala Corporation’s Ltd. CEO, Dean Michael, said that the company signed a deal with Iraq’s oil ministry in order to construct a USD6.5 billion refinery in Karbala, reported Gulf News.
Michael added that the refinery would be located 100km south of Baghdad and would span over a six-square-kilometer plot of land, when completed, output capacity would reach 200,000 barrels per day (bpd) of crude oil, it would also produce regular and premium octane gasoline, in addition to diesel fuel.
He also said that in order to meet growing demand in the country, Iraq planned to boost its refining capacity by 750,000 bpd, up from the current 660,000 bpd through building four new refineries.
It is worth noting that the other three new refineries will be located in Nassiriya, Maysan and Kirkuk.
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more