Total Eyes Iraq Oil Refinery

Total Eyes Iraq Oil Refinery

French oil company Total is considering bidding to build the green-field oil refinery in the Iraqi city of Nassiriya, Reuters reported.

Two inside sources revealed to the news agency the company’s plans to bid for the refinery, which is projected to have a capacity of 150,000 barrels per day (b/d).

The Iraqi oil ministry said in 2017 that Chinese state-owned company Petrochina may also be interested in making a bid.

Bidding for the oil refinery’s construction is still open. International oil companies would only bid as refiners, Director General at Iraq’s Dhi Qar Oil Company, Ali Warid Hammood, told Reuters during the Iraq Petroleum Conference, held in Berlin.

He added that Dhi Qar is now solely responsible for the development of the oil field.

The project is part of a broader plan to develop the Nassiriya field’s infrastructure. The field currently produces 80,000-100,000 b/d but Dhi Qar aims to increase production capacity to 200,000 b/d by 2021.

Sarah Samir 3057 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


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