Iraq's Oil Refineries to increase productivity beginning of this year

Text size BAGHDAD: The productivity of Iraqi Oil Refineries is expected to increase in the beginning of the current year, with oil product that would cover a large part of the local needs for those products," the Oil Ministry's Official Spokesman said on Saturday."The Iraqi oil refineries have produced an average daily product petroleum (benzine) that had reached 12 millions and 700,000 barrels, whilst the gas-oil daily product had reached 19 million liters," Assem Jihad told Aswat al-Iraq news agency, confirming that the said products would exceed the local needs for the oil products.He pointed out that "Iraq had produced 7 millions and 800,000 liters of kerosene per day," stressing that "the increase achieved in the oil products had been achieved thanks to the increased production by the oil refineries in the north, center and southern Iraq, and the improvement of the productivity and the maintenance of their units that helped to raise their productive capacity."© Aswat Aliraq 2012

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Iraq ready for refinery pitches
Iraqi Oil Minister Hussein al-Shahristan
Hussein al-Shahristani (R), the former oil minister and current deputy prime minister for energy, looks on as Dathar Khashab (C), who was then director general of Midland Refineries, takes him on a tour of the new oil refinery which will produce 70,000 barrels per day at Daura in Baghdad on January 26, 2009. (ALI AL-SAADI/AFP/Getty Images)
By Ben Lando of Iraq Oil Report
Published February 17, 2012

Iraq is looking to enlist private companies to build four new refineries with the combined ability to process 740,000 barrels per day (bpd) of crude oil, which would help Iraq fulfill its dreams of becoming a net fuels exporter.

In a letter to pre-qualified companies, Deputy Oil Minister Ahmed Shamma outlined the long-awaited terms for investment – contract models that companies will use to gauge whether Iraq's refinery sector is a sound deal.
Dated Jan. 17, 2012, the letter gave a deadlin...