The Iraqi oil ministry is offering data to upgrade its 160,000 barrel-a-day Shuaiba refinery in Basra – the second largest in the country – according to a statement on its website.
The ministry has invited companies to purchase the data portfolio priced at $30,000 before 19 November. It includes specifications on sources and features of crude, products as well as the climate and location of the facility.
The project will be developed according to engineering, procurement, construction and financing model, the ministry added.
According to the Iraq Oil Report website, the ministry plans to improve the efficiency of the refinery, increasing the amount of usable fuel and improving the overall quality of product and was considering tapping into Japanese bank financing.
Earlier this year, the ministry had invited companies to bid on a planned 300,000 b/d refinery in Fao, near Basra to be developed on the basis of a build-operate-transfer model.
Iraq’s refining capacity currently stands at 919,000 b/d, while its throughput was recorded at 440,000 b/d, according to BP Statistical Review of World Energy 2017.
The Opec producer looks to revamp its refining capacity and upgrade energy infrastructure that suffered extensive damage when the Islamic State overran oil fields and facilities such as the one at Baiji, north of Baghdad in 2014.