Iraq Refineries to Cost $23B

摘要

Iraq is seeking investors to build four refineries at an estimated cost of $23 billion that would more than double its current throughput capacity, according to wire reports. Oil Minister Hussein al-Shahristani said partners will be offered a 5% discount for buying crude - a recent concession to attract investors. The projects will also be exempt from state taxes and Baghdad will not interfere in products pricing once the plants are operational, he told local and international oil executives in Baghdad at the weekend.