Iraq builds new oil refinery
Iraq, Economics, 6/15/1999
Iraqi dailies published on Monday reported that a new Iraqi refinery with a refining capacity of 10,000 barrels per day is being built in the southern part of the country.
The papers quoted the company's director general in the southern Iraq area, Rafed al-Dabouni, as saying that the refinery will be ready for work within a few months, as most of the construction works have been completed, adding that the refinery was linked to oil fields and to nearby storage facilities by a new network of pipelines.
Al-Dabouni added that the refinery's products will cover the local consumption in al-Amara and the neighboring cities. He added that work will also cover the development of part of al-Amara oil field, adding that all construction work on the refinery is being carried out by local technicians and experts.
Reports from Baghdad said that the Vietnamese Petro Vietnam is about to sign an agreement with Iraq to develop al-Amara oil field at a set production capacity of 80,000 barrels every day and at a total cost of US $300 million, following the lifting of sanctions on Iraq.
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