February 6, 2010

The Ninewa Investment Commission asked the Iraqi oil ministry to approve a project to set up an oil refinery west of Mosul city withy a capacity of 100,000 barrels per day (bpd) through funding from a foreign company, the commission director revealed on Saturday.

“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,” Muwaffaq Younes told Aswat al-Iraq news agency.

“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,” said Younes.

Mosul, the capital city of Ninewa province, lies 405 km north of Baghdad.

Source: Aswat al-Iraq