China National Petroleum Corporation (CNPC)has signed a memorandum of understanding (MoU) with the Petroleum & Mineral Resources Ministry to build an estimated $1,400 million refinery at Deir al-Zor in the northeast. Sources at the ministry say the new refinery will have capacity of 70,000 barrels a day (b/d) and the project is likely to be carried out on a build-operate-transfer basis.
The refinery is one of several schemes planned at Deir al-Zor. The first is the government's project, announced in late 2003, to build a grassroots refinery with planned capacity of 140,000 b/d. Financing for this project is under discussion, ministry sources say. France's Beicip-Franlabhas carried out the front-end engineering and design (FEED) package (MEED 4:3:05). The second project is an estimated $2,000 million integrated refinery and petrochemical complex with capacity of 140,000 b/d, which Russia's Stroytransgaz Oilis negotiating with the ministry. 'This project will come under investment law 10 and will be different from the other two refineries, because Stroytransgaz will be able to refine the product themselves,' ministry sources say (MEED 28:10:05). The new projects are in addition to plans by the ministry to upgrade its existing refineries. About 12 companies have submitted prequalifications for an engineering, procurement and construction (EPC) contract covering the modernisation and partial reconstruction of Banias refinery (MEED 28:10:05).
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