News and Interviews on Iraqi Oil
Dathar Al-Khashab, Director General of Midland Refinery Co, gives his take on Iraq’s planned refining investment conference scheduled for June 26, in an interview with Ruba Husari in Baghdad. Q: Do you expect Iraq to succeed in getting foreign investors to build any of the four refineries on offer? A: It is very hard to get investors to invest in any refineries anywhere, not just in Iraq because margins are…
Oil minister Hussein al-Shahristani says Iraq will become an exporter of refined products within a few years. That’s a very optimistic assessment of the status of the Iraqi refining sector. True, Iraq has four new grass roots refineries with a combined capacity of 740,000 barrel per day offered to private investors. But it still has a long way to go before any investor jumps in and spends billions on building…