Iraq relaunches investment plan to expand its downstream capacity
Source: Arabian Oil and Gas

Iraq’s oil ministry is revisiting a program announced four years ago to build four new refineries.

Iraqi Oil Minister Jabbar al-Luaibi has invited international oil companies to invest in the construction of new facilities as the country looks to expand its downstream capacity. The ministry also plans to double Iraq’s crude oil storage capacity to 24 million barrels over the next few years through international investment, reports Platts.


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