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Iraq Ranked 3rd in Global List for Increased Refinery Capacity

Iraq's capacity of refinery CDU to be boosted over the next 4 years as a result of numerous new build and refurbishment projects

According to a report by GlobalData, Iraq has been ranked as the country with the third highest growth in capacity of refinery crude distillation unit (CDU) as a result of numerous new and ongoing projects up until 2023.

The GlobalData report had China as the global leader for refinery increases with the country projected to add 4,000 million barrels per day (bpd) of refining capacity by 2023, with Nigeria second at 2,039 million bpd and Iraq third at 1,470 million bpd over the same period.

With Iraq's current refining capacity unable to support its crude oil production, an increase in crude distillation capacity is vital for the country to meet its goal to become self sufficient in oil products, whilst supporting an increase in exports of petroleum products to boost its economy.

Source: GlobalData


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