Iraqi Ministry of Oil Enhances Refining Capacity with New Unit
On Monday, the Iraqi Ministry of Oil announced the commissioning of a new refining unit at the Misan Mine, which boasts a capacity of 70,000 barrels per day. This development is part of the Ministry’s broader strategic initiative aimed at enhancing the downstream sector and maximizing domestic production of oil derivatives. The goal is to ensure sufficient local consumption and facilitate the export of surplus production.
Minister of Oil, Hawab Abd al-Ghani al-Sawad, along with other key officials, highlighted the support for the sector conveyed by Prime Minister Mohammed Shia Al-Sudani during a recent visit to Maysan. This visit further underscores the government’s commitment to advancing the oil refining industry in Iraq.
The introduction of this new unit will elevate the overall capacity of the refinery to 110,000 barrels per day, ensuring a substantial supply of oil derivatives to Maysan and its neighboring governorates. This capacity expansion is poised to address the increasing demands of the local market effectively.
In addition to the new unit, the development project includes the establishment of supplementary facilities. These will encompass an upgraded gasoline unit adhering to global specifications (Euro 5), as well as additional units for gas oil and white oil production, along with environmentally friendly service units. This expansion plays a critical role in supporting various industrial sectors reliant on oil derivatives.
During a recent meeting with the Director of the Foreign Refinerial Production Authority and other key stakeholders, the oil ministry’s representatives emphasized the importance of ensuring the stability of production processes. The Misan refinery, which currently operates at a capacity of 40,000 barrels, stands as a pivotal facility within the Southern Refineries Company.
The discussions focused on the progress of ongoing projects and strategies for implementing future development plans, ensuring that the refinery meets both domestic needs and contributes to the broader economic growth goals of the region.
