Iraq Awards Kiruk Refinery Deal to Local Firm
01.31.2025 By Tank Terminals - NEWS

January 31, 2025 [Zawya]- OPEC producer Iraq has awarded a local company a project to build a refinery in the Northern oil-rich Kirkuk Governorate with a production capacity of 70,000 barrels-per-day (bpd).

 

Governor Rebwar Taha said after signing the contract on Thursday that it will be the first refinery in Kirkuk and would supply the local market with refined products.

He was quoted by the Iraqi News Agency as saying  that Sulaimaniyah-based Rania Group would construct the refinery near gas fields in South-West Kirkuk.

Iraqi officials have said there are plans to increase Kirkuk’s oil production to 1 million bpd as part of an overall capacity expansion programme in Iraq, which controls the world’s fifth largest recoverable oil deposits of more than 145 billion barrels.

BP had signed a MoU with Iraq in 2024 for the development of key oil and gas fields in Kirkuk.

Officials said in 2024 that refinery projects would boost Iraq’s refining output capacity  to 1.26 million bpd at the end of the year and capacity is expected to surge after the completion of new refineries.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Tepsa Netherlands nears completion of expansion, adding nine new storage tanks
02.14.2025 - NEWS
Tepsa Netherlands is set to complete its latest storage capacity expansion, adding nine new stora... Read More
MOL Group Successfully Tested the Production of HVO and SAF at Eastern European Refinery
02.14.2025 - NEWS
February 14, 2025 [Hydrocarbon Processing]- MOL Group has produced a diesel fuel containing hydro... Read More
Verso Energy Plans €1.4bn e-SAF Production Facility in Finland
02.14.2025 - NEWS
February 14, 2025 [H2 View]- French company Verso Energy has agreed to build a hydrogen processin... Read More
PBF Refineries to Operate Up to 76% of Capacity in Q1
02.14.2025 - NEWS
February 14, 2025 [Hydrocarbon Processing]- Independent U.S. refiner PBF Energy plans to operate ... Read More