contract with the Korean firm to build refinery in Karbala cost more than 6 billion dollars

Posted by on Feb 12, 2014 | Leave a Comment

Local government in Karbala next week will witness the signing of the oil refinery project in Karbala after Korean company wins the tender.

He said the second Deputy Governor of Karbala, mayali of each correspondent in Iraq said Tuesday that “next week will witness the signing of the contract the Karbala refinery project between Hyundai Korean coalition and the oil Ministry.

The “cost of 6 billion US dollars and a duration [54] months and production [140] barrels.”

The Deputy Governor, said the refinery would provide between 2,000 to 3,000 jobs to the province. ”

The Council of Ministers had approved in last month on the recommendation of the Committee on energy on the assignment bidding No. P/2171/EPC/2013 investment project the Karbala refinery capacity [140] thousand barrels/day, the coalition headed by Korean companies Hyundai and lump sum amount [6040113631] six billion and forty million and one hundred and thirteen thousand, six hundred and thirty-one dollars, so an implementation duration [54] fifty-four months ended

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