Iraq: Iraq on a Tear to Triple Its Refining Capacity, Keep up with Its Growing Production

Jun 8, 2017 | Oil & Gas 360
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Iraq is planning to triple its refining capacity as the third-largest oil exporter increases crude oil production, Bloomberg reported, based on an interview with an official in the country. Currently, Iraq is capable of processing about 500 MBOPD, far below the ~4.5 MMBOPD the country produced in 2016. Iraq exports much of this surplus crude, making it the third-largest exporter of crude oil according to Bloomberg.