Iraq Signs Misan Deal With Satarem As Refineries Program Gathers Pace
Iraq’s Ministry of Oil signed a memorandum of understanding (MOU) with Swiss firm Satarem on 10 October for the development of a 150,000 b/d refinery in Misan province. The cost of the development is estimated at $6bn. At the signing ceremony in Baghdad Prime Minister Nuri al-Maliki said: “Today we sign a contract for an important investment project with the participation of the private...
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