financetom
Business
financetom
/
Business
/
Iraq raises refining capacity to 1.3 million bpd
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Iraq raises refining capacity to 1.3 million bpd
Aug 24, 2025 4:18 AM

CAIRO, Aug 24 (Reuters) - Iraq has raised its oil

refining capacity to 1.3 million barrels per day from 1.1

million bpd in 2024, the prime minister's office said in a

statement on Sunday.

The OPEC member aims to reach refining capacity of 1.65

million barrels per day, the prime minister said this year.

The move should bring Iraq closer to achieving

"self-sufficiency of petroleum products", and reduce the burden

of importing petroleum derivatives, the statement said.

Iraq, which is seeking to lure global oil giants, has

recently signed agreements with foreign oil majors including the

U.S.' Chevron, France's TotalEnergies and

Britain's BP.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cardinal Health lifts 2025 profit outlook on strong demand for costly specialty drugs
Cardinal Health lifts 2025 profit outlook on strong demand for costly specialty drugs
Aug 14, 2024
Aug 14 (Reuters) - Cardinal Health ( CAH ) raised its 2025 profit forecast on Wednesday betting on strong demand for branded and specialty medicines at its pharmaceuticals unit. Drug distributors have been benefiting from sales of specialty medicines used to treat complex conditions such as rheumatoid arthritis and cancer, along with cheaper versions of complex biotech drugs called biosimilars....
Southwest Airlines Faces Proxy Fight with Elliott Management
Southwest Airlines Faces Proxy Fight with Elliott Management
Aug 14, 2024
07:52 AM EDT, 08/14/2024 (MT Newswires) -- Southwest Airlines ( LUV ) said Wednesday that activist investor Elliott Investment Management had dismissed its board's efforts to engage constructively, in response to Elliott's announcement of plans for a proxy fight. After Elliott recently agreed to a meeting with Southwest Airlines ( LUV ) in early September to discuss a collaborative resolution,...
Arcos Dorados Holdings Q2 Earnings Flat, Revenue Rises
Arcos Dorados Holdings Q2 Earnings Flat, Revenue Rises
Aug 14, 2024
07:48 AM EDT, 08/14/2024 (MT Newswires) -- Arcos Dorados Holdings ( ARCO ) reported Q2 earnings Wednesday of $0.13 per diluted share, unchanged from a year earlier. Two analysts polled by Capital IQ expected $0.13. Revenue for the quarter ended June 30 was $1.11 billion, compared with $1.04 billion a year earlier. Four analysts surveyed by Capital IQ expected $1.06...
Serabi Gold On Fatality at Palito Mine
Serabi Gold On Fatality at Palito Mine
Aug 14, 2024
07:51 AM EDT, 08/14/2024 (MT Newswires) -- Serabi Gold ( SRBIF ) , the Brazilian focused gold mining and development company, announced Wednesday the passing of one of its employees late in the day on August 12, 2024. A statement noted the individual was injured in a mining related accident on July 31, 2024, while working underground at a production...
Copyright 2023-2026 - www.financetom.com All Rights Reserved