Iran eyes international investment in oil sector
Iran has invited international oil companies to invest in four new oil refineries, a report said.
The projects include Kirkuk (150,000 bpd), Kut (100,000 bpd), Samawa (70,000 bpd) and Basra (100-150,000 bpd), added the Iraq Business News in its report.
Contracts will be considered on both BOT (Build–Operate–Transfer) and BOO (Build–Own–Operate) bases, it said.
Iraq’s new oil minister, Jabbar al-Luaibi said the Ministry will announce other projects in the near future.