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Iraq is on refining industry foreign capital to encourage po
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[China, Shanghai Published:2013-01-11]

Iraqi Deputy Prime Minister Hossain Shah Chista Nita said recently, at the same time, Iraq's oil production growth will expand the scale of oil refining industry, but the realization of this goal needs the cooperation of international oil giants.

Iraq wants Nissan crude for 2015 could reach 500 to 6000000 barrels, the current capacity doubled. By 2020, the Iraqi oil refining capacity will reach 1500000 barrels / day, 2 times more than the current refining capacity.

At present, Iraq needs through the upgrading and new refineries to increase domestic refining capacity to replace fuel imports expensive, but this needs the international oil giants cooperation. Hossain Shahristani says he will take incentive policies to absorb oil refinery industry investment, such as making sure its profits in iraq.

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