Iraq And UAE Spearhead Downstream Expansion ...Middle East

OILPRICE - Economy
Iraq And UAE Spearhead Downstream Expansion
source : OILPRICE ( Middle East ) () 48
Oil markets have been affected by financial market challenges, inflation, and the war in Ukraine. Nevertheless, Arab Gulf countries remain resolutely optimistic, evidenced by new refinery and storage plans being developed in Iraq and the UAE. This week, Iraqi minister of oil Hayan Abdul Ghani said that Baghdad has invited investors to set up seven new oil refineries throughout the country. Ghani said also that bidding has opened for three refineries today, while offers for three other ones are expected on April 2. Ghani also reiterated that the…

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