prices of medium cooking oil refinery plant in iraq

   
prices of medium cooking oil refinery plant in iraq
                                               
                                               
                                               
                                               
  • prices of medium cooking oil refinery plant in iraq
When will Iraq's Karbala refinery start production?

The Karbala refinery, estimated to have cost just over $6 billion, is expected to begin commercial production of fuels in the middle of March, Iraqi Oil Minister Hayan Abdel Ghani said this weekend. The start of production will see the refinery doing test runs at 60% of capacity, according to the source who spoke to Reuters.

How will Iraq's new oil refinery work?

The refinery is being built on a 6km² plot of land and will produce liquefied gas, gasoline, gas oil, fuel oil, jet fuel and asphalt. The oil produced at the refinery will meet international standards, equivalent to European production, and serve the growing domestic demand for oil in Iraq.

Will Iraq's new refinery help cut crude oil exports?

According to Argus, the fuels from the facility will help Iraq cut its refined product imports by an estimated 60%. The new refinery is not expected to affect Iraq¡¯s crude oil exports as OPEC¡¯s second-biggest producer could either raise its oil production or cut processing rates at other refineries, the source told Reuters.

Who is buying Iraqi Basrah medium crude?

China has been the largest buyer of the new Iraqi Basrah Medium crude that was first sold in the international market in January, accounting for almost half of total Basrah Medium exports to date.