IRAQ

Baghdad Struggles To Spark Refinery Investment Bonanza

 

Iraq is planning an ambitious overhaul of its existing refineries and aims to build at least four green-field plants, which alone would require a minimum investment of $30bn. A new investment law has been promulgated and amended, detailed design on the new refineries is complete or close to complete, and the oil ministry is in advanced talks with several potential investors. But there remains a lot of work to do to before...