Iraq’s Oil Ministry has announced it has begun rebuilding a unit in the country’s largest refinery Baiji, and has set a deadline of nine months to complete restoration work.
The Salahuddeen 2 unit of the northern Baiji refinery is capable of producing up to 70,000 barrels a day (b/d) of refined products when up and running, according to Oil Minister Jabbar Al-Luiebi.
The Baiji refinery was nearly destroyed at the height of the bloody battle between the Iraqi military and radical militants between 2014 and 2015, ending with Iraqi forces wrestling back control of the key downstream asset which meets national demand for refined products, as well as feed the power grid.
Al-Luiebi has reportedly asked Iraq’s other state-owned oil companies to assist the North Oil Company, Baiji refinery’s operator, including supporting it with equipment, pipelines and other resources, to help finish repair and restoration works by year-end.
The minister has said that Salahuddeen 1, also with a capacity of 70,000 b/d, will resume operations once financing for the unit is secured by the Oil Ministry.
You might also like...
McDermott completes financial restructuring exercise
28 March 2024
Region heads for hotel boom
28 March 2024
Lowest bidders emerge for Kuwait housing project
28 March 2024
Redcon wins Red Sea Triple Bay infrastructure deal
28 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.