Tuesday, June 27, 2023

Qatar to Build Major Oil Refinery in Iraq and Launch New Company for Oil Tankers

Oil refinery in Iraq


Qatar and Iraq have signed an an MoU to establish a 150,000 barrels per day oil refinery in Iraq, the Peninsula reported.

Both countries have also signed an MoU to establish a joint company that will build and operate oil tankers that carry crude oil and petroleum products according to the laws in force in both countries.

The deals were signed on the sidelines of Qatar’s Amir HH Sheikh Tamim bin Hamad Al Thani’s official visit to the Republic of Iraq.

Qatar also signed an MoU to supply Iraq with liquefied gas, and cooperate with Qatari companies specialized in building stations to receive gas, establish related tanks and the necessary infrastructure, including power stations and pipelines.

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