INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

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)
  • 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.