Iraq inks initial agreement to develop 70,000 b/d refinery to process heavy Qayara crude

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Iraq has signed a heads of agreement with Sweden’s SEAB and Turkey’s Limak to develop a 70,000 b/d refinery to process Qayara heavy crude, the oil ministry said Sept. 16, as OPEC’s second-largest producer seeks to lower energy imports. The agreement was signed between state-owned North Refineries Co., SEAB and Limak, the ministry said in …

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