Iraqi Kurdistan To Shake Up Shadow Refining Sector

The KRG has invited bids for three medium-sized refineries. Besides boosting Erbil’s independence from Baghdad by expanding outlets for local crude, the government has plans to rein in topping plant operators.

The Kurdistan Regional Government’s (KRG) call last week for expressions of interest in building up to three oil refineries, each with 50,000-100,000 b/d capacity, was greeted as a major step in Erbil’s push towards independence from Baghdad.

The KRG’s Ministry of Natural Resources (MNR) has set a 1 December deadline for receiving letters of interest in developing the plants under build-own-operate projects, with successful bidders expected to have their refineries ready for start-up within 24-36 months of the contract award. (CONTINUED - 786 WORDS)

DATA INSIDE THIS ARTICLE

table KRG Refining Capacity (‘000 B/D)