View Full Version : Contradictory decisions on Nassiriya oilfield and refinery

04-06-2013, 06:37 PM
4/4/2013 5:28 PM

THI QAR/ Aswat al-Iraq: Iraqi oil ministry rejected the investment project of Nassiriya oilfield and refinery and decided to implement it directly.

Technical Assistant of Chairman of the Provincial Council Abdul Hussein Hadi Hajir told Aswat al-Iraq that the "ministry of oil informed the local government of turning the project from investment to direct implementation and the ministry will hold a conference in Amman, Jordan, on both projects.

He added that the conference shall be held on 4 August next to give a wide picture of the two projects.

Economic observers believed that "the ministry lacks future visions on important fields like oil refineries and development of oilfields.

Last week, ministry of oil announced asking seven international companies, which were qualified to build Nassiriya refinery, to make a consortium.

The ministry received 14 offers, before announcing it will be developing it within its local capacities, which led to lack confidence between the companies and the ministry.

Iraq proposed four refineries for investment after finalizing basic designs, since 2009, including Nassiriya refinery with a capacity of 300.000 b/d.

Thi Qar province has proven oil reserves of about 20 billion barrels within five oilfields, while Iraq has more than 146 billion barrels, which is more than 12% of total international reserves.