Sunday, March 25, 2007
$60 million barrel refinery deal for northern Iraq
Oil
(Azzaman) - Plans are in place to construct two 10,000 barrel refineries in northern Iraq. The Ministry of Oil has signed a contract with state-owned General Company for Designs and Consultancy and other Iraqi firms to build the refineries. The 77-billion dinar (US$ 60,215,053) deal calls for the manufacture and installation of the equipment for the two refineries, one in Arbil and the other in Sulaimaniya.On completion, the refineries are expected to ease the current chronic fuel shortages in the Kurdish north. A statement by the ministry did not say when the refineries will be ready and whether Iraqi firms can do the job with foreign help. The statement said six state-owned firms belonging to the Ministry of Industry and Minerals were coordinating efforts to complete the refineries. It said the firms were involved in the construction of 10 such refineries in provinces in the central and southern parts of Iraq.
Labels: Arbil, General Company for Designs and Consultancy, Ministry of Oil, oil refineries, Sulaimaniya.
