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Two major Chinese companies – PowerChina and Norinco International – have won the contract to build an oil refinery at the Iraqi port of Fao on the Gulf. said a report.
The refinery in Fao will have the capacity to produce 300.000 barrels per day and will include a petrochemical plant. reported Reuters. citing a senior official.
Iraq is OPEC`s second-largest oil producer. after Saudi Arabia. Its refining capacity was curbed when Islamic State overran its largest oil processing plant in Baiji. north of Baghdad. in 2014.
The country now relies on the Doura refinery in Baghdad and the Shuaiba plant in the Basra region. it added.
