Aiming to be self-sufficient in petroleum products, Iraq chose the Chinese CNCEC for the installation of the Al Faw Refinery, which has a daily crude oil processing capacity of 300,000 barrels.
The Baghdad government is implementing another part of its infrastructure development plans for the refining and export of crude oil and petrochemicals.
The Iraqi Ministry of Petroleum announced that an agreement was signed with the Chinese state company CNCEC for the installation of the oil refinery to be established in the strategic coastal city of Al Faw, which has Iraq’s only access to the Persian Gulf.
According to the information given by the Iraqi Ministry of Petroleum, the refinery that CNCEC will establish in Al Faw will have a crude oil processing capacity of 300,000 barrels per day. A petrochemical plant will also be located in El Faw.
Iraqi Oil Minister Ihsan Abdul-Cabbar Ismail said the project is the country’s largest investment project in the oil industry, particularly the refining sector and petrochemical industries.
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