- Power Generation Units at Doura & Baiji – under construction
NEW REFINERIES There are five new grass root refineries planned for the next two decades .They are :- 1- Karbala Refinery 2- Maissan Refinery 3- Nassiriya Refinery 4- Kirkuk Refinery 5- Ninewa Refinery
1- Ministry of Oil to supply the refinery with crude oil for a period of 50 years at (FOB) price with discount of 5% provided that the discount will be between 4 & 8 USD .
2- Ministry can adopt contracts in any internationally recognized form of investment including participation with no more than 25% of the investment .
3- The investor has the right to sell the products, at international prices prevailing in the area, inside Iraq or to export the same outside Iraq. The Ministry shall have the first option to buy.
4- The investor has the right to build and operate petrol stations inside Iraq to market his own products.
5- Ministry of Finance shall allocate a suitable piece of land to the investor on lease basis for a period of 50 years subject to extension.