Post by handyman on Feb 19, 2014 19:02:30 GMT
In October of 2012, the Iraqi Ministry of Oil announced the bid for the integrated development of the 4+ billion barrel Nasriya oil field together with the construction and operation of a new 300k b/d refinery.
From an investor’s perspective, the attractiveness of refining in Iraq is likely to be determined by the size of the complexes offered, as larger refining complexes are expected to be more favored, in addition to the sorts of restrictions set on the export of petroleum products given that oil product prices in Iraq continue to be subsidized.
Authorities are currently studying the options of offering 50-year operating licenses and discounts on crude oil exports as incentives to attract investment in the country’s refining industry.
From an investor’s perspective, the attractiveness of refining in Iraq is likely to be determined by the size of the complexes offered, as larger refining complexes are expected to be more favored, in addition to the sorts of restrictions set on the export of petroleum products given that oil product prices in Iraq continue to be subsidized.
Authorities are currently studying the options of offering 50-year operating licenses and discounts on crude oil exports as incentives to attract investment in the country’s refining industry.