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Iraq seeks refinery investors with policy overhaul

Iraq seeks refinery investors with policy overhaul
Iraq seeks refinery investors with policy overhaul

2019-08-16 00:00:00 - Source: Iraq Oil Report

Iraq's Oil Ministry is moving forward with a process to revamp the country's investment framework for refineries following a decade of failed attempts to attract highly qualified international companies.

If successful, the new framework could help Iraq earn more money from the oil it produces, save billions of dollars in annual fuel imports, and provide new domestic outlets for crude production that has recently been constrained by limited export capacity.

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