Iraq has retendered contracts to develop two refineries that have a total estimated value of $5bn.
The Al-Kut Investment Refinery Project in Wasit Governorate involves developing a facility with an oil processing capacity of 100,000 barrels a day (b/d) and the Al-Samawah Investment Refinery Project involves develop a facility with the capacity to process 70,000b/d, according to documents released by the Iraqi Ministry of Oil.
Both projects will be implemented using either the build-own-operate (BOO) or build-own-operate-transfer (BOOT) contract models, according to the documents.
The Al-Kut refinery will process crude oil from the fields of Maissan Governorate, and the project will include a 250km pipeline to transport the crude from the source to the project site.
Al-Samawah investment refinery will process crude oil from the Nasiriya depot.
For both projects, the relevant information package can be purchased for $30,000 from 8 July 2025 until the end of the working day on 6 August 2025.
Technical and commercial offers as well as other required documents are due to be submitted to the Oil Ministry’s Studies and Planning Directorate before the end of the working day on 5 October 2025.
Plans for both refineries were first announced by the Ministry of Oil in 2016 with invitations to bid issued for Al-Kut refinery in 2018.
After 2018, both projects stalled for several years before invitations to bid were issued for both refineries in April 2023.
The Oil Ministry has not officially confirmed why the 2003 invitation to bid did not result in contract awards