First refinery in Kurdistan-Iraq with
250,000 bpd production
8.7.2006 | |
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ERBIL, Kurdistan-Iraq, July 7
, -- Iraqi Kurdistan has decided to construct the first oil refinery
with refining capacity totalling 250,000 barrels per day (bpd).
During a ceremony here for starting of construction of the new
refinery, Iraqi Kurdish Province Oil Minister Ashti Horemi and
Director General of Mike Oil Company for Oil and General Trading
Ahmad Kheiruddin, signed Friday an MoU at the Kurdish cabinet
headquarters.
According to the MoU, Mike oil will begin construction of the
refinery with capacity of 250,000 bpd per day. Investments in the
refinery total about USD 2.
9 billion. A source close to the Mike Oil Company said construction
will be finalized in record time or maximum two years from start of
construction date. Mike Oil he added, works in the investment field
and is constructing a cement factory in Dhawk province with total
production capacity of 3,000 tons daily. |
Kurdistan oil fields in Kurdistan
Photo: AFP |
Kurdistan province is suffering from sharp energy shortage, in
addition to turbulences due to the unfair distribution of energy.
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