Oil: refinery in Missan first investment project and the start of the liquidation sector to invest optimal oil wealth


Thursday, February 25, 2016 - 19:52
Oil: refinery in Missan first investment project and the start of the liquidation sector to invest optimal oil wealth

Oil Ministry confirmed on Thursday that the Missan refinery is the first investment project of liquidation sector, arguing that it would start to invest "optimal" oil wealth in Iraq, as pointed out that the project will impact on the provision of oil derivatives with high specifications for domestic consumption.

He said ministry spokesman Assem Jihad said that "refinery in Missan first investment project in the liquidation industry," noting that it "would be a capacity of 150 thousand barrels per day."

Jihad said that "the project is a breakthrough towards the optimization of the investment in the oil wealth and refining industries in Iraq," pointing out that "will reflect on the provision of oil derivatives with high specifications for domestic consumption."

The Oil Ministry has developed, on Thursday, the foundation stone of Maysan refinery investment capacity of 150 thousand barrels per day, at a time indicated that the economic edifice is done on the land of the province, he confirmed that the project will not carry any costs the state to create.

The Undersecretary of the Ministry of Oil for liquidation Jafar, today, that the Missan refinery will ensure a permanent buyer for the amount of oil without exposure to outages, and pointed out that the refinery would stimulate the economic cycle is not in the province alone, but in all of Iraq.

He said the Council of Maysan province, today, that the liquidator is a milestone in Iraq's economy by providing high-quality products, stressing that the project will attract capital to maintain and will reduce the import of products from abroad.

Revealed international Maysan refinery company, today announced that the project faced difficulties "deliberate" before reaching the implementation phase, as pointed out that the project will meet the three main Iraqi economy requirements.


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