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Iraq’s First New Refinery In Decades Set To Hit Full Capacity By July

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The new Karbala refinery south of Baghdad is expected to reach full 140,000 barrels per day (bpd) capacity by July this year, a source at the facility told Reuters on Tuesday. The Karbala refinery, estimated to have cost just over $6 billion, is expected to begin commercial production of fuels in the middle of March, Iraqi Oil Minister Hayan Abdel Ghani said this weekend.   The start of production will see the refinery doing test runs at 60% of capacity, according to the source who spoke to Reuters. Karbala, Iraq’s first new refinery…

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