The Iraqi oil minister Thamer Abbas Algadban announced that his ministry, as part of its plan to promote the oil industry, seeks to construct a new refinery in central Iraq. In this regard ...

Spokesman of the Iraqi Ministry of Oil, said that two contracts were recently signed with two international companies to develop the benzene production facility at the Al-Dora refinery.

Iraq, OPEC’s second-largest producer, plans to cut its oil-price assumption in the federal budget after the market plunged.