China's CNCEC has signed a contract for the 300,000 bpd refinery. The total price could rise to $20 billion with the construction of a petrochemical plant and power plant.
Iraq’s May exports fall as OPEC-plus extends cuts
Exports declined by about 60,000 bpd as Iraq continues to move toward compliance with recently extended OPEC-plus production caps.
Iraqi Oil Minister Hayyan Abdulghani (second from left) meets with representatives of other OPEC-plus member countries on June 2, 2024 in Riyadh. (Photo credit: Oil Ministry)
