View Full Version : Ministry drops Nassiriya Integrated Project

Investors Iraq News
01-28-2018, 06:52 AM
Iraq will rely on a newly formed state oil company to develop the Nassiriya oil field, leaving only the nearby refinery project for investors, ending more than six years of pitching the two as a combined mega-project, according to Iraq Oil Report (https://www.iraqoilreport.com/news/ministry-drops-nassiriya-integrated-project-27473/).
Most recently, Iraq had been in direct negotiations (https://www.iraqoilreport.com/news/chinese-consortium-talks-nassiriya-deal-24408/) with PetroChina and the China National Offshore Oil Corp. (CNOOC) to build a 150,000 barrel per day (bpd) refinery and develop the 4.4 billion barrel Nassiriya oil field – the two components of the Nassiriya Integrated Project.
The international engineering and construction firm Foster Wheeler completed a Front End Engineering and Design (FEED) study for the refinery.
Read the full report from Iraq Oil Report here (subscription required). (https://www.iraqoilreport.com/news/ministry-drops-nassiriya-integrated-project-27473/)
(Source: Iraq Oil Report)

Source: Iraq-BusinessNews.com. (http://www.iraq-businessnews.com/2018/01/28/ministry-drops-nassiriya-integrated-project/)

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