S\u00e3o Paulo \u2013 On April 17 and 18 at London\u2019s Lancaster Hotel, the Iraqi government will promote the Iraq Refinery 2012 conference, geared at attracting investment into the refining industry. Despite boasting the world\u2019s third largest oil reserves, the country\u2019s refineries do not produce enough derivatives to cater to the market, which depends on imports. <\/p>\n
According to the event organizers, the Iraqi deputy prime minister for Energy Affairs, Hussein Al-Shahrestani, will announce major investment opportunities in the field. There are eight refineries operating in the country and five under construction. The government wants to double the refining capacity to 1.5 million barrels by 2017.<\/p>\n
The conference will place potential international investors in touch with Iraqi oil and gas industry players. The country currently produces roughly 3 million barrels of oil per day. For the sake of comparison, Brazil\u2019s output revolves around 2 million barrels per day. <\/p>\n
The event follows similar ones turned to different segments, such as Iraq Mining, held last year, and a conference on transport held this year in Baghdad.<\/p>\n
Additional information <\/b><\/p>\n
www.iraqrefinery.com<\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
Event is due April 17 and 18 in London. The goal is to attract investors into the oil refining industry. At present, the country needs to import oil derivatives.<\/p>\n","protected":false},"author":2316,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-41067","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"Event is due April 17 and 18 in London. The goal is to attract investors into the oil refining industry. At present, the country needs to import oil derivatives.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/41067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=41067"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/41067\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=41067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=41067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=41067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}