Iraq’s oil ministry has announced extending the deadline for investors to finance the country’s planned refinery in Kut, in the eastern governorate of Wasit.

Interested parties now have until 4 October to submit their bids to finance the proposed 100,000 barrels a day-capacity refinery.

The previous deadline was 14 June.

Baghdad has offered up the planned refinery for investment based on the build-own-operate-transfer (BOOT) or the build-own-operate (BOO) model, according to the country’s specific law for investments in refinery projects.

Investments to increase refining capacities of vital units as well as into the national distribution network has helped Baghdad meet domestic need, along with the growth in output of liquefied gas products.

Iraq has been seeking capital investment for refurbishing and expanding existing refining complexes in Kirkuk, Maysan, Nasiriya, Faw, Anbar and Nineveh.

The oil ministry said it also plans to build refineries outside the country to raise overall production.