First Published: 2018-01-29

Iraq to build oil refinery in Fao with Chinese firms
Iraqs oil ministry is seeking investors to build three more oil refineries in Nasiriya, western Anbar province, Qayara.
Middle East Online

Iraq is OPEC's second-largest oil producer, after Saudi Arabia

BAGHDAD - Iraq plans to build an oil refinery at the port of Fao on the Gulf with two Chinese companies, and is seeking investors to build three more, the oil ministry said on its website on Monday.

The refinery in Fao will have a 300,000 barrel-per-day capacity and include a petrochemical plant, it said.

Two other refineries, each with a 150,000-bpd capacity, are planned in Nasiriya, southern Iraq, and in the western Anbar province. A third, with a 100,000-bpd capacity, is planned in Qayara, near Mosul, the northern Iraqi city, which was taken back from Islamic State militants last year.

Iraq is OPEC's second-largest oil producer, after Saudi Arabia. Its refining capacity was curtailed when Islamic State overran its largest oil processing plant in Baiji, north of Baghdad, in 2014.

Iraqi forces recaptured Baiji in 2015, but the place sustained heavy damage in the fighting. The country now relies on the Doura refinery, in Baghdad, and Shuaiba plant, in the south. Work to rehabilitate Baiji has begun, Oil minister Jabar al-Luaibi said on Monday, adding that a 70,000 bpd processing unit should be brought back on line in six to nine months. A second 70,000 bpd unit in Baiji should follow, he said in a statement.

Baiji was processing around 175,000 bpd when it fell into the hands of Islamic State.


Israel confirms it hit suspected Syrian nuclear reactor in 2007

Syrian rebels reach evacuation deal in Eastern Ghouta town

Abbas calls US ambassador to Israel 'son of a dog'

UN says Turkey security measures 'curtail human rights'

'Saudization' taking its toll on salesmen

Grim Nowruz for Kurds fleeing Afrin

Sarkozy back in custody for second day of questioning

Netanyahu says African migrants threaten Jewish majority

US Senate votes on involvement in Yemen war as Saudi prince visits

What a ‘limited strike’ against Syria’s Assad might mean

Natural gas in eastern Mediterranean fuels increasing tensions

Erdogan tells US to stop ‘deceiving’, start helping on Syria

IS controls Damascus district in surprise attack

French ex-president held over Libya financing allegations

NGO says Israeli army violating Palestinian minors’ rights

Human rights chief slams Security Council for inaction on Syria

US warns Turkey over civilians caught in Syria assault

Saudi crown prince keen to cement ties with US

Erdogan vows to expand Syria op to other Kurdish-held areas

Kurdish envoy accuses foreign powers of ignoring Turkish war crimes

Morocco authorities vow to close Jerada's abandoned mines

Israeli soldier sees manslaughter sentence slashed

Turkey insists no plans to remain in Afrin

Cairo voters show unwavering support for native son Sisi

Forum in Jordan explores new teaching techniques

Gaza Strip woes receive renewed attention but no fix is expected

Kurds, Syrian opposition condemn Afrin looting

36 jihadists killed in Egypt’s Sinai

Israel arrests French consulate worker for gun smuggling

Pro-Turkish forces loot Afrin

Israel prepares to demolish Jerusalem attacker's home

Saudi crown prince says his country to seek nuclear bomb if Iran does

Arab women artists in diaspora focus on identity and loss

Tunisia’s Central Bank targets inflation but may hurt growth prospects

Libya’s health system reflects a larger humanitarian crisis

Israel blasts Gaza underground tunnel

Abu Dhabi awards France's Total stakes in oil concessions

Erdogan says Afrin city centre under ‘total’ control

Egypt tries to contain Sudan but challenges, suspicions remain

US defence secretary presses Oman on Iran weapons smuggling

Syrian regime retakes two towns from Ghouta rebels

Hamas shutters mobile firm after Gaza attack on PM

Israel punishes family members of West Bank attacker

Syria opposition says UN 'failed to prevent' Assad 'crimes'

UK tries to soothe Egyptian anger over mob attack death