July 14, 2021 | oil and gas

Iraq Announces a Contract with Chinese Company for an Oil Refinery

ERBIL - The Iraqi Ministry of Oil announced a contract with a Chinese company for an oil refinery with a capacity of 300,000 barrels per day.

'The Chinese state-owned CNCEC will work in the Al-Faw refinery and will be responsible for constructing the Al-Faw strategic petrochemical complex,' the ministry said in a statement.

Iraq's Oil Minister Ihsan Abdul-Jabbar Ismail pointed out in a statement that this project is 'the largest investment project' in the oil industry, specifically in the refining sector and petrochemical industries.


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