BAGHDAD May 4 Iraqi's oil ministry on Thursday
asked foreign companies and investors to bid for a project to
build and operate a 300,000 barrel-per-day export-oriented
refinery in Fao, near the southern city of Basra.
Bidding documents provide for two investment models --
build-own-operate and build-operate-transfer, said the ministry
in a statement.
They will be available until May 31 and the bidding will
close on Aug. 1, it said.
OPEC's second-largest oil producer after Saudi Arabia,
Iraq's refining capacity was curtailed when Islamic State
overran its largest oil processing plant in Baiji, north of
Baghdad, in 2014.
Iraqi forces recaptured it in 2015 but it sustained heavy
damage in the fighting.
The country now relies on the Doura refinery in Baghdad and
the Shuaiba in Basra.
(Reporting by Ahmed Rasheed; editing by Jason Neely)