Egypt's Citadel says wins Iraq oil refinery deal
CAIRO Aug 25 (Reuters) - Private equity firm Citadel Capital won a contract from Iraq's government to build an oil refinery in the country with capacity of 150,000 tonnes per day, the company said on Thursday.
Citadel "signed with the Iraqi oil ministry a deal to build an advanced petroleum refinery in Iraq with production capacity of 150,000 barrels per day," Citadel said in a statement.
The ministry has responsibility for procuring raw materials and products for the plant for the first 15 years of operations, Citadel said.
It was given three years to design the facility and build necessary infrastructure. Construction would take around four years, the Egyptian company added. (Reporting by Yasmine Saleh; Writing by Tom Pfeiffer)
- Ten countries scour sea for Malaysia jet lost in 'unprecedented mystery' |
- Shots fired in air during raid at Crimea naval base
- Missing Malaysian jet may have disintegrated in mid-air: source |
- Mexico kills drug kingpin reported dead years ago: official
- Pistorius vomits in court at Steenkamp autopsy details