US EditionIraq to invest in refineries in India, China
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Iraq reduced its production by about 50,000 barrels a day last May, as the Platz Obek+ survey of Standard and Bors Global Commodity Ensets showed, and Iraq was under severe pressure to control excess production in the months of Iraq's invasion and occupation of Kuwait.
Iraq considers plans to invest in Asian oil refineries
Iraq intends to follow the lead of Saudi Arabia and other Gulf oil producers by investing in refineries in China, India and other Asian countries, where more than two thirds of its crude is marketed, a government adviser has revealed. Hatim Al-Fadli said research into potential projects would be conducted in the coming months and negotiations with potential partners would start during 2025-2026. He told Iraq’s Al-Sumeria news agency on Tuesday t…
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