Iraq Seals Major Oil Deal with Chinese Company ...Middle East

OILPRICE - Economy
Iraq Seals Major Oil Deal with Chinese Company
source : OILPRICE ( Middle East ) () 46
Iraq’s government has signed a deal with Chinese Geo-Jade Petroleum to expand production at the Tuba oil field, build a refinery and two power plants. Per an AFP report, the deal will also involve the construction of a petrochemicals facility and a fertilizer plant. The refinery that Geo-Jade Petroleum will build will have a capacity of 200,000 barrels daily. One of the power plants will have a capacity of 650 MW and the other, a solar power facility, will have a capacity of 400 MW. “These projects with Geo-Jade represent a big leap…

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