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Press TV - Iraq will pay $64 million for importing equipment from Iran to upgrade one of its refineries.
The equipment will be imported to upgrade Najaf Oil Refinery located in 150 km south of Iraqi capital city of Baghdad, a provincial official of Najaf has said.
A provincial delegation from Najaf has visited Iran where they talked with exporting Iranian firms over the issue, Ali al-Esaavi said without referring to the date of the Iraqi trip.
Najaf Oil Refinery was opened near the Shia shrine city of Najaf with a modest capacity of 10,000 barrels per day early October 2006.
Standing as the second refinery opened by Iraq's oil ministry since April 2003, it is aimed at meeting the local needs of the inhabitants and factories of Najaf province.
Originally posted by Dallas
O.K. So I'm having a wee-bit of trouble understanding if that's significant?
Dallas
Originally posted by Dallas
Get the hell out of Iraq, get on with the next United States President and do the darndest to make peace throughout this world. Not suggesting extremists should be ignored or left to their own devices -- Fxxx no, HOLD their Country responsible.
Dallas
Originally posted by djohnsto77
Iran doesn't have enough refining capacity to even meet its own needs, it has to import refined petroleum products even though it's a big producer of crude oil.
This doesn't make too much sense to me. Plus the value of the deal ($64 million) seems miniscule.
Originally posted by djohnsto77
Iran doesn't have enough refining capacity to even meet its own needs, it has to import refined petroleum products even though it's a big producer of crude oil.
This doesn't make too much sense to me. Plus the value of the deal ($64 million) seems miniscule.