Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

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.