UNITED STATES (OBSERVATORY) – Iraq signed a contract with two Chinese partners, Power China and Norinco International, to build an oil refinery at the port of Faw overlooking the Gulf.
“The production capacity of the refinery will reach 300,000 bpd and will include a petrochemical plant,” said an official in the Iraqi oil sector.
And the refinery of Faw, south of the province of Basra, one of the projects planned by Iraq in the pursuit of self-sufficiency of oil products.
Iraq is the second largest producer of crude in the Organization of the Petroleum Exporting Countries (OPEC) after Saudi Arabia, and shrinking refining capacity of Iraq when the organization dominated the “Daash” the largest crude refinery in Baiji north of Baghdad in 2014.
Iraqi forces recovered Baiji in 2015, but there was considerable destruction during the fighting.
The Baghdad government is currently relying on a refinery in the Dora area of Baghdad and the Shuaiba station in Basra.