Qayara Refinery available for Investment

By John Lee.

The Ministry of Oil has announced an opportunity to invest in a 100,000-bpd refinery at the Qayara field in Ninawa governorate.

In a statement, the Ministry said:

The execution is according to the methods of BOOT or BOO and according to the investment law of the refineries No.64 for the year 2007 and its amendments.

The products of the refinery must be environment friendly according to the international standards.

The tax breaks must be according to the investment law No.13 for the year 2006.

In accordance with the second amendment of the investment law No.64 for the year 2007. The subtraction on the crude oil price over the ship is (8%) “The subtraction must be more than 5$ and less than 10$ of the global price”.

The studies, planning and follow-up directorate in the ministry of oil have prepared the data portfolio of the refinery and the price of the data portfolio shall be (30) thousand dollars “nonrefundable”.

The closing date of selling data portfolios is at the end of the work hours of Sunday the 1st of April 2018.

–  The receipt of the documents from the companies which would like to invest in the above mentioned refinery must be to the end of the work hours of Sunday the 15th of May 2018.

The presentation of the documents will be to the Studies Planning & Follow-up Directorate directly in a closed envelop. Otherwise the documents will be rejected.

For further information please contact the E-mails (studies@oil.gov.iq) or (studies.oil@gmail.com).

(Source: Ministry of Oil)

Iraq to Increase Oil Capacity by 40%

By John Lee.

Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) has said Iraq plans to increase its crude oil production capacity from 5 million bpd at present to 7 million bpd by 2022.

According to a report from Reuters, he added that Iraq needs $4 billion for new investments in its downstream oil industry, lifting refining capacity to 1.5 million bpd by 2021.

It said the increase in refining capacity would come from seven projects, some of them new and some involving the expansion of existing refineries.

(Source: Reuters)

Chinese Companies Win Al-Faw Projects

By John Lee.

Iraq’s Ministry of Oil has awarded the Al Faw [Al Fao] refinery and petrochemicals project to two Chinese companies.

In a statement, the ministy named the companies as Power China and “Nerco Chinese Companies“.

Mr. Assim Jihad, the spokesman of the Ministry,  said the refinery will have a capacity is 300,000 barrels/day.

He added that the project contains an integrated complex for petrochemicals, in addition to another facilities near the export port in Faw.

The ministry is planning to become self-sufficient in oil products by investing in the refining sector, and to become an exporting country.

Invitations will soon be issued to investment companies to participate in the Anbar refinery (150,000 bpd), Qayara refinery (10,000 bpd), and Thi-Qar [Dhi Qar] refinery (150,000 bpd), in addition to other projects to be announced soon.

(Source: Ministry of Oil)

Opportunity to Supply Salahuddin Refineries

By John Lee.

Iraq’s Ministry of Oil has announced that it will start rehabilitation of the Salahuddin refineries 1 and 2 in Baiji district.

Through its North Refineries Company (NOC), it has called on local and international companies to supply the equipment outlined below:

(Source: Ministry of Oil)