PHOTO
A worker walks at Nahr Bin Umar oil field, north of Basra, Iraq December 21, 2015. Image used for illustrative purpose.
Iraq is planning to increase the refining capacity of the South Refineries Company (SRC) to 350,000 barrels per day, state-owned Iraqi News Agency reported, citing Oil Minister Hayan Abdul-Ghani.
“The Southern Refineries is today one of the largest Iraqi refineries in terms of production,” he stated.
SRC’s Basrah Refinery is undergoing the implementation of a $4 billion fluid catalytic cracking (FCC) project with a production capacity of 55,000 barrels per day.
In May, Iraq’s Planning Ministry’s spokesperson Abdul-Zahra Al-Hindawi told Zawya Projects that the project is on track for completion in 2025.
(Writing by P Deol; Editing by Anoop Menon)
