Iraq’s Refinery Capacity, Opportunities for Investment

Delegates to CWC‘s Iraq Petroleum 2012conference in London last week received an update on the country’s refining capacity and plans from H.E.. Dr Bayazeed Hassan Abdullah, MP, member of the Oil and Energy Committee of the Iraqi Parliament.
He said the twelve existing refineries have a combined capacity of up to 886,000 barrels per day:

  • Baiji [Bayji, Beiji] Refinery in Salahadin (pictured), with a capacity of 310k bpd;
  • Doura Refinery in Baghdad, 210k bpd;
  • Basra Refinery, 140k bpd;
  • Diwaniya Refinery, 20k bpd;
  • Kasak Refinery in Ninewa, 10k bpd;
  • Haditha Refinery in Anbar, 16k bpd;
  • Six other small refineries (Kirkuk, Syniah-Baiji, Najaf, Samawa,Nasiriyah, Maysan), with a combined capacity of between 30k and 180k bpd.

However, these plants are running at an average of 65% of design capacity, or 565k bpd, and they produce too much heavy fuel oil; only Baiji, Doura and Basrah refineries produce gasoline. As a result, Iraq continues to import refined petroleum products.
Plans for modernizing and expanding these existing refineries to produce more and better quality fuels are already underway.
In addition, four new refineries with a total capacity of 740k bpd are planned and will open for private investment: