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Economy, Energy

IHC H1 net profit $2.94 billion

The company posted 31% increase in revenue.

ADNOC Gas signs LNG deal

Will supply 0.5mmtpa of LNG to India's HPCL.

Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Production at Karbala refinery will start in mid-March: Iraq

This file photo taken on October 17, 2017 shows excess flammable gasses burning from gas flares at the Bai Hassan oil field, west of the multi-ethnic northern Iraqi city of Kirkuk. (AFP)
By TRENDS Desk
January 9, 2023 1:06 pm
  • The refinery production from high-octane gasoline will be a grade of 95, with a capacity ranging from 8 to 9 million litres per day
  • Iraqi oil minister said that the production can be increased to 12 million liters, which will cover a large proportion of up to 75 percent of domestic consumption

Baghdad, Iraq – The Iraqi Oil Minister Hayan Abdul-Ghani announced on Sunday that the commercial production of Karbala refinery will commence in mid-March 2023, and reach the capacity of 140,000 barrels per day by July end.

The refinery production from high-octane gasoline will be a grade of 95, with a capacity ranging from 8 to 9 million litres per day, he noted, and will be in accordance with the highest European norms and specifications (Euro 5).

He added that the production can be increased to 12 million liters, which will cover a large proportion of up to 75 percent of domestic consumption.

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