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Iraq province asks Baghdad to green light refinery

by Kevin Baxter on Feb 7, 2010

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A senior official from the Ninewa Investment Commission (NIC) has said that it is to ask the country’s oil ministry to approve a plan to build a major oil refinery in the province.

Aswat al-Iraq reported that the commission’s director, Muwaffaq Younessaid that NIC has secured foreign funding to build the 100,000 barrels per day facility west of the city of Mosul in the province.

"The refinery will be built in the area of al-Kasak, west of Mosul. As soon as the ministry approval is received, an Iraqi investment company will embark on the project through foreign financing in accordance with the oil ministry's regulations," Younes is quoted by Aswat al-Iraq as saying.

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"We don't have anything to do with the companies that are going to invest the oilfields because the investment law has excepted oil from laws on investment," he added.

The Ninewa province is located in northern Iraq.
 




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