(MENAFN) The Iraqi Ministry of Oil has announced its plan to choose a number of specialized international investment companies to build five new refineries with 790,000 bpd Capacity around the country.
Hamid al-Zobaie, the ministry's official, said in a press statement there is a plan to build five refineries across the country through investment and various refining cards, pointing out that the ministry is currently looking for fitted companies to build these refineries.
Zobaie added that qualification and selection processes depends on studying technical and financial capabilities of the companies especially that the construction of the refinery requires up to USD3 billion. Applying companies must also commit to the deadlines and ensure completion of construction within the schedule.
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