FINANCIAL NEWS

Iraq signs USD6 billion refinery deal

11 Oct 2013

(MENAFN) A government statement said that Iraq has signed a deal with the Swiss-based SATAREM to construct an oil refinery worth USD6 billion, according to Arab News.

The refinery’s capacity reaches 150.000 barrels per day.

Prime Minister Nuri Al-Maliki said: Today, we sign a contract for an important investment project… which will contribute (to) filling the country”s need for petroleum products.”

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