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By John Lee.
Iraq’s North Oil Company (NOC) has signed a Heads of Agreement (Memorandum of Understanding) with two energy companies to build a 70,000-barrels-per-day oil refinery in Qayara (Qayyarah).
The facility, Nineveh province, is to be built by Sweden’s SEAB and Turkey’s Limak.
No information was given regarding the size of the investment or the proposed schedule.
(Source: Ministry of Oil)
The post New Oil Refinery announced for Qayara first appeared on Iraq Business News.
By John Lee.
Oil Minister Thamer Al-Ghadhban met on Tuesday with Nhat Ozdemir, Chairman of the Board of Directors of Turkish conglomerate Limak.
The minister said he was keen to develop the energy sector through cooperation with international companies, noting the presence of promising opportunities in Iraq.
Mr Ozdemir said his company wants to cooperate with the Ministry of Oil in the development of the energy sector in the country.
(Source: Ministry of Oil)