Iraqi Kurdistan will soon have its own oil refinery with a capacity of 250,000 barrels per day
Iraqi Kurdistan will soon have its own oil refinery with a capacity of 250,000 barrels per day from newly discovered oil fields, the Lebanese company chosen to implement the project said on Sunday.
A memorandum of understanding was signed on Thursday between the Kurdish minister of natural resources, Ashti Horami, and Lebanon's Make Oil AG to build the refinery over the next two years.
"There is an agreement with the Kurdish Regional Government, and we will announce the full details in a week," company director Ahmed Khair al-Din told AFP by phone from the company offices in Beirut.
Make Oil, which was registered in Lebanon in 1995, is already in the process of constructing a cement plant in the northern Kurdish town of Dohuk, near the Turkish border.