Iraq starts developing 70,000 barrel-per-day refinery in Nineveh
Al-Sudani stressed the project's strategic importance for the northern Iraqi province of Nineveh, which is part of a larger strategy to set up refineries across Iraq, the state-run news agency (INA) reported.
Iraq's refining capacity has grown faster than predicted during the last two and a half years, according to Al-Sudani. This increase is part of the government's strategy to transfer 40 percent of the country's crude oil output to downstream industries.
Iraq is currently above the 30-35 percent objective, which was originally set for the following 10 years, according to Al-Sudani.
The new refinery, located south of Mosul, will assist northern provinces satisfy their fuel demands while also producing a range of petroleum derivatives.
The project will provide around 1,000 direct job opportunities, as well as more individuals of indirect jobs.
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