Hyundai to resume work in Karbala refinery next August

Friday, July 22, 2016 7:53 AM

Karbala/ Iraqi TradeLink: Karbala local government confirmed that the South Korean Hyundai Company will resume its work in the refinery by August, 2016.

The company halted its work in the refinery for financial reasons during the past few months.

Second Governor Deputy Ali al-Mayali stated that the company will receive 100 million dollars monthly for a debt that reached to two billion dollars.

Karbala refinery is a gigantic oil city that will consist of more than 15.000 donums.

The capacity of the refinery is expected to reach 150.000 b/d.

Posted in: Economy,Karbala,Ministries,Oil Ministry