In the presence of Oil Minister Jabbar al-Luaibi, the Ministry of Oil signed an investment contract with Rania International Company for the establishment of Kirkuk refinery with a capacity of 70 thousand barrels.
The minister said that the establishment of Kirkuk refinery represents the first step to invest in the liquidation sector to reach the productive capacity of oil derivatives covering the local need in the province and neighboring provinces.
The minister added that this project comes within the plans and programs of the ministry to cover the local need of oil derivatives in the country and work on the export of surplus through investment refineries projects.
He noted that the signing of the contract comes in conjunction with the efforts of the Ministry to upgrade the oil industry in the province of Kirkuk and the implementation of a number of development projects and rehabilitation of oil fields and facilities and infrastructure and the extension of oil pipelines


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