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$3 Billion Refinery and Petrochemical Complex To Be Built By China In Iraq

A refinery and petrochemical complex worth $3 billion will be built in Iraq by a Chinese company that will yield about 300,000 barrels per day.

A Chinese company is set to construct a refinery and petrochemical complex in Iraq that will yield about 300,000 barrels of oil a day. This was announced by Ihsan Abdul-Jabbar, Iraq's minister of oil as he spoke with the official Al-Sabah newspaper. 

The complex, which will be constructed at the Al-Faw refinery south of Iraq, will be built by China National Chemical Engineering and is expected to create around 10,000 local jobs. The Chinese side had already offered training and technology transfer including operation and maintenance services.

The project has been in planning for several years as part of Iraq's strategic aim of raising their capacity to 1.5 million barrels a day. In fact, as early as April 2018, the project has already been signed to Chinese defence company Norinco and contractor Powerchina under a memorandum of understanding but didn't push through.

Abdul-Jabbar stated that other companies have also shown intent in building renewable projects in Iraq including a consortium where the French company Total is a part of.

Just last February, Iraq awarded 750MW of solar projects and just a month ago signed a deal with Masdar, a company based in Abu-Dhabi for a 2GW photovoltaic project.


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