(MENAFN- Iraq Business News) By John Lee.
Italian oil company ENI is reported to be in talks to build a $4-billion, 300,000-bpd refinery near Iraq's Zubair oil field .
S & P Global quotes Oil Minister Ihsan Ismaael [Ahsan Abdul-Jabbar Ismail] as saying that that the first phase, with a capacity of 150,000 bpd, would be operational by 2025.
The Minster reportedly added that the Zubair field, in which Eni holds a stake, is expected to produce 700,000 bpd by 2027.
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(Source: S & P Global)
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