23 August 2011
BAGHDAD: The Iraqi Ministry of Oil signed a Memorandum of Understanding (MoU) with an Egyptian company to implement an investment refinery in Mosul with a capacity of 150 thousand b/d, as reported by the oil undersecretary for refineries' affairs.
Undersecretary Ahmed Al-Shama' told Aswat al-Iraq that the memorandum laid the principles to build an investment refinery in Mosul to be supplied by the crude oil from Najama and Qayara oil fields.
The company was granted a 3-year period to prepare the studies and designs.
According to Shama's statement, the company has the right to open its fuel stations with the benefit of other oil products.
He pointed out that the aim of the project is to benefit from the heavy crude oil to produce other products for internal consumption.
BAGHDAD: The Iraqi Ministry of Oil signed a Memorandum of Understanding (MoU) with an Egyptian company to implement an investment refinery in Mosul with a capacity of 150 thousand b/d, as reported by the oil undersecretary for refineries' affairs.
Undersecretary Ahmed Al-Shama' told Aswat al-Iraq that the memorandum laid the principles to build an investment refinery in Mosul to be supplied by the crude oil from Najama and Qayara oil fields.
The company was granted a 3-year period to prepare the studies and designs.
According to Shama's statement, the company has the right to open its fuel stations with the benefit of other oil products.
He pointed out that the aim of the project is to benefit from the heavy crude oil to produce other products for internal consumption.
© Aswat Aliraq 2011
