Iraq signs initial agreement to build oil refinery near Mosul

General view of al-Zubair oil field near Basra, Iraq April 21, 2020. (Reuters photo)

SULAIMANI (ESTA) — Iraq has signed an initial deal with Swedish SEAB and Turkey’s Limak to build an oil refinery near Mosul, the Iraqi oil ministry said on Thursday.

In a statement, the ministry said the refinery would produce 70,000 barrels of oil per day near Mosul city.

The refinery will use the heavy crude oil from the northern Qayyarah oilfield to produce fuels, Reuters cited oil ministry officials as saying, without giving an estimated cost of the project.

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