Oil and Gas News

New oil refinery seen for Karbala, talks with 3 US oil firms

Dec 21, 2006, 12:40 GMT

Baghdad - Negotiations are currently underway between the Iraqi Ministry of Oil and three US oil companies on building a new refinery in Karbala, the al-Sabah newspaper reported Thursday. The new Al-Nahryn facility, costing more than two billion dollars - is expected to refine 140,000 barrels of oil per day. Work on the new refinery will start in the first quarter of 2007. Th Al-Nahryn refinery is part of plan to build three refineries in Karbala, Sulaimania and Nasiriyah. During the Iraq-Iran war in the 1980s, plans were made to build a refinery in Karbala to serve the Middle Euphrates region, but the project was delayed. Iraq produces about 2.8 million oil barrels daily. © 2006 dpa - Deutsche Presse-Agentur

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