Iraq Reopens North Refinery in Baiji Closed for a Decade
02.29.2024 By Tank Terminals - NEWS

February 29, 2024 [Reuters]- Iraq on Friday reopened its North Refinery in Baiji that was shut for a decade during the violence and chaos that followed the U.S.-led invasion in 2003 which made it nearly impossible to run one of the country’s most vital energy complexes.

 

The fall of Saddam Hussein was meant to bring stability and prosperity to major OPEC oil producer Iraq after years of economic mismanagement and military misadventures brought the country to its knees.

Instead Iraqis suffered from an insurgency, a sectarian civil war and then the advent of Al Qaeda and later Islamic state which killed tens of thousands of people.

The Baiji refinery complex was a high profile victim of the chaos, a focal point for fighting between security forces and militants for months on end.

Al Qaeda had enough control over the Baiji area that it was able to intimidate refinery workers and hijack its refined products. It sold the products to neighbouring countries and used the profits to finance its insurgency.

The refinery was shut in 2014 when Islamic State fighters seized it after taking over one third of the country’s territory. Islamic State stole oil and petroleum products from areas it controlled in an effort to create a self-sustaining Islamic empire.

It has a refining capacity of 150,000 barrels per day (bpd) after reopening, which would bring the total capacity of the Baiji refining complex to 290,000 bpd.

Iraq aims to reach self-sufficiency in oil derivatives by mid-next year, Mohammed Shia al-Sudani said in the reopening ceremony.

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

India's First Methanol Plant to be Set up in Telangana
11.21.2024 - NEWS
November 21, 2024 [Chem Analyst]- In a groundbreaking initiative, India is set to get its first m... Read More
Egypt in Talks with Foreign Companies Over Long-Term LNG Purchases, Sources Say
11.21.2024 - NEWS
November 21, 2024 [Reuters]- Egypt is in talks with U.S. and other foreign companies to purchase ... Read More
INEOS and GNFC Sign a Memorandum of Understanding to Build a New World Scale Acetic Acid Unit in India
11.21.2024 - NEWS
November 21, 2024 [INEOS]- INEOS Acetyls and Gujarat Narmada Valley Fertilizers & Chemicals L... Read More
Peru's State Oil Firm Could Open to Private Investors in 2025, Chairman says
11.21.2024 - NEWS
November 21, 2024 [Reuters]- Peru’s indebted state-run oil firmĀ could consider offering a ... Read More