Minister of Oil invites international companies to participate in the competition of the FAW refinery project

Baghdad-INA

The Minister of Oil affirmed the ministry’s keenness to implement investment projects to increase production capacity from oil derivatives according to high-quality technical specifications.

Oil Minister Ihsan Abdul-Jabbar Ismail said in a statement received by the Iraqi News Agency (INA), "The ministry is proceeding with its procedures to re-invite international companies to participate in the implementation of an investment refinery project in Basra Governorate (Al-Faw Investment Refinery) with a capacity of (300) thousand barrels per day in a manner ( BOO) or (BOOT) according to the Investment Law in Refineries No. 64 of (2007) and its amendments., Explaining that the project is one of the large and important strategic projects in the field of sustainable development and the development of the oil industry in the country.

The minister added, "The production specifications in the refinery will be environmentally friendly and in conformity with international specifications (EURO_5), indicating that a petrochemical complex will be added in the future to the project."