Sign In / Up

Add contribution as a guest

Your email will not be displayed publicly
Benefit of signing in/signing up to personalize comment

Comment as a guest

Your email will not be displayed publicly
Benefit of signing in/signing up to personalize comment

Login

Not a member Register   Forgot Password
or connect using
 

Email

 

Rudaw

Business

Iraq to begin new refinery project within 30 days in push to increase production

By Rudaw 9/1/2018
The qualified countries interested in bidding on different projects must pay the Iraqi government $100,000 as a participation fee before they can submit their bids. Photo: Rudaw/Farzin Hassan
The qualified countries interested in bidding on different projects must pay the Iraqi government $100,000 as a participation fee before they can submit their bids. Photo: Rudaw/Farzin Hassan

ERBIL, Kurdistan Region – The Iraq oil ministry announced a new refinery project in the eastern Maysan province to be implemented within 30 days in a push to immediately increase overall oil production.

Maysan International Company will complete the new project within 30 days which will produce 150,000 barrels per day (bpd), Oil Minister Jabar al-Luaibi said in a statement on Monday.

If Maysan does not complete the project within the time frame given, the contract will be cancelled “barring any financial or legal consequences,” the minister said.

Over the weekend, the ministry also announced the names of 26 international countries that are pre-qualified to take part in bidding for “borderline onshore and offshore exploration blocks and fields” contracts that submitted qualification documents between August and November of 2017.

The qualified countries interested in bidding on different projects must pay the Iraqi government $100,000 as a participation fee before they can submit their bids.

The oil ministry also announced last month they are now accepting bids from potential builders for a new oil pipeline to run from the Kirkuk to Turkey’s Cehyan port on the Mediterranean coast.

Baghdad, by deploying Iraqi forces and Iran-backed Hashd al-Shaabi paramilitias, increased its control of several oil and gas fields in the Kurdistani or disputed territories from Kurdish forces in October 2017 in response to the referendum vote for independence held in September.

Luaibi also said over the weekend that they will start to export up to 60,000 bpd of Kirkuk’s oil via truck to Iran before the end of January.

His Iranian counterpart, Bijan Namdar Zangeneh, told Rudaw last year that the two sides may construct a pipeline from Kirkuk to Iran’s western province of Kermanshah in the future as well.

Iraq is the second largest crude oil producer within the Organization of Petroleum Exporting Countries (OPEC) after Saudi Arabia with an average output of 4.4 million barrels per day (bpd).

Comments

 
Post a New Comment
Comment as a guest or Login for more enhanced interactive experience

Be Part of Your Rudaw!

Share your stories, photos and videos with Rudaw, and quite possibly the world.

What You Say

Muraz Adzhoev | 1/17/2018 1:05:15 PM
And where are the special divisions of Kurdistan Peshmerga RRF and Kurdistan Police forces? What are Kurdistan’s Peshmerga ministry and Interor...
Iraqi Federal Police to handle Kirkuk, Tuz Khurmatu’s security
| yesterday at 02:54 | (1)
Richard | 1/16/2018 8:53:36 AM
The airports have always been under ICAA jurisdiction so I don't see why they needed 4 months of a ban and 2 meetings to come to that agreement!!
Kurdish | 1/17/2018 11:27:39 AM
Just let people live free and dont care about their privte lives, airport iss very importanr for people who live in kurdistan.
Baghdad, Erbil agree to lift flight ban, pending PM Abadi's approval
| 15/1/2018 | (9)
Nam | 1/17/2018 1:24:17 AM
He makes the same hand sign as Erdogan of Turkey, symbol of terrorist Islamic brotherhood (Ikhwan al Muslimeen).
hal | 1/17/2018 11:23:46 AM
I'm embarrassed to know guys like these are also Kurds like me
Mullah Krekar's trial in Italy postponed again
| yesterday at 10:44 | (2)
Barham | 1/17/2018 6:15:27 AM
He called PM Abadi too. so what??
Down with USA | 1/17/2018 10:04:01 AM
Tillerson have the most disgusting face in policy
PM Barzani thanks US Secretary Tillerson for supporting the KRG
| 16/1/2018 | (5)

Elsewhere on Rudaw

Iraq’s closure of schools for IDPs sparks fear of forced returns 4 hours ago |

Iraq’s closure of schools for IDPs sparks fear of forced returns

There are nearly 400 schools for Arab students more
Kurdish singer spreads love for local melodies across Turkey 7 hours ago |

Kurdish singer spreads love for local melodies across Turkey

composes in Kurdish, Turkish, Armenian, Arabic, more
Syria: War will continue until US is kicked out, their allies removed 8 hours ago |

Syria: War will continue until US is kicked out, their allies removed

“The war will continue ... until cleaning the more
0.296 seconds