UPDATE: Construction begins on new Missan refinery
Little known Swiss-Chinese consortium forms Missan International Refinery Company, aiming to start operation in 2019.
Iraqi Deputy Oil Minister for Refineries, Dhia Jaffar, at the cornerstone ceremony for the new Missan refinery on Feb. 25, 2016. (JEWDAT AL-SAI'DI/Iraq Oil Report)
Updates include:
- Satarem owns 15 percent, Wahan owns 85 percent
- Funded by China Development Bank and the Export-Import Bank of China
- Comments by senior oil officials
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