Q&A: Deputy Oil Minister Dhia Jaffar
The new refining chief says Karbala is on track, Missan is behind schedule, Nassiriya is open for offers, Kirkuk is ready for financing, and Basra can dip into petrodollars to build a new one.
Dhia Jaffar, the head of Iraq's state-run South Oil Company (SOC), announces the opening of a new single point mooring (SPM), part of Iraq's expansion of its southern export infrastructure. (ALI ABU IRAQ/Iraq Oil Report)
HOUSTON - Iraq's refining sector could play a key role in helping the country emerge from a crippling financial crisis.
By boosting domestic production of refined fuel, the government could cut down on expensive imports while also adding value to the output of its domestic oil sector. Costs would fall and revenues would rise.
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