Northern Iraq building two refineries with Canadian firms
BAGHDAD — The autonomous Kurdish zone in northern Iraq plans to
construct two refineries in a $300 million project with foreign oil
companies.
Officials said the Kurdistan Regional Government would offer four
production-sharing contracts to finance the construction of two
20,000-barrel-per-day refineries, Middle East Newsline reported. They said the production-sharing contracts
were worth $800 million.
The first refinery, located in Miran, was scheduled to be completed by
2010 in a joint venture with Canada's Heritage Oil. The second refinery,
located at the Taq Taq oil field, would be constructed by Genel and Canada's
Addax Petroleum and completed by early 2009.
Also In This Edition
The central Iraqi government in Baghdad said the latest contracts
violate the nation's new petroleum law. But the Kurdish government has
dismissed this amid plans to sign two additional production-sharing
contracts worth $500 million with oil majors.
