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The Ministry of Oil Extends the Announcement for the Kut Investment Refinery.

The products of the refinery must be environment friendly according to the international standards.

The ministry of oil would like to extend the announcement for the investment refinery in Wasit governorate/ Kut with a capacity of 100 thousand barrels / day.

   The execution is according to the methods of BOOT or BOO and according to the investment law of the refineries No.64 for the year 2007 and its amendments.

    The products of the refinery must be environment friendly according to the international standards.

    The tax breaks must be according to the investment law No.13 for the year 2006.

    In accordance with the second amendment of the investment law No.64 for the year 2007. The subtraction on the crude oil price over the ship is (8%) "The subtraction must be more than 5$ and less than 10$ of the global price".

  The receipt of the documents from the companies whom would like to invest in the above mentioned refinery must be to the end of the work hours of Tuesday the 4th of October 2018.

   The presentation of the documents will be to the Studies Planning & Follow-up Directorate directly in a closed envelop. Otherwise the documents will be rejected.

Source: Ministry of Oil

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