BAGHDAD, Feb. 5 (Xinhua) -- The Iraqi government announced on Wednesday the signing of an 800-million-U.S. dollar contract to develop and expand the Diwaniyah refinery.

Iraqi Prime Minister Mohammed Shia' al-Sudani attended the signing ceremony between the state-owned Midland Oil Company and a local private company, according to a statement by al-Sudani's media office.

The projects included the addition of an atmospheric distillation unit with a capacity of 70,000 barrels per day (bpd), bringing the total production capacity of the refinery to 90,000 bpd, according to the statement.

The contract also included the installation of a liquefied gas processing unit, a naphtha hydro-treating unit, a gasoline upgrading unit, and other essential service units, the statement said.

Iraq's economy relies heavily on crude oil exports, which account for about 90 percent of the country's revenues. Enditem

Related

Go to Forum >>0 Comment(s)