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The Ministry of Oil Commits Maysan International to Rollout Maysan Project within 30 Days.

The Ministry of Oil Presented Many Projects of Building Refineries to be Invested by The Global Companies in order to be Self-Sufficient of the Oil Products and Export The Surplus.

Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil confirmed that the ministry of oil committed Maysan International Company to start the execution of the project of Maysan investment refinery within 30 days.

   That was during the signature of the company on the pledge which was made by the ministry for this purpose.

   Mr. Al-Luiebi said that the ministry is paying a great attention to the execution of the project of Maysan refinery which is capable of refining (150) thousand barrels/ day. According to the strategic plans of the ministry to raise the production average of the oil products in Iraq.

   Mr. Al-Luiebi said also that the commission of opinion in the ministry approved in its last meeting that the ministry of oil must supply the enough water to finish the refinery “which previously was the reason to the project” by coordination with the ministry of water resources.

   Mr. Al- Luiebi stressed on the necessity of commitment by the investor company with the time schedule and the given time table. Otherwise the ministry will cancel the contract without baring any financial or legal consequences.

   It is worthy to say that the ministry of oil presented many projects of building refineries to be invested by the global companies in order to be self-sufficient of the oil products and export the surplus.

Source: Ministry of Oil

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