OTCPK:GNOLF - Post by User
Post by
peterap2001on Mar 22, 2017 1:28pm
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Post# 26015050
Fao Refinery
Fao RefineryLarge refinery project in iraq, seemingly came out of nowhere at the end of February.
https://www.iraq-businessnews.com/2017/03/10/more-details-on-new-basra-refinery-project/
And this guy thinks Iraq Oil Ministry is crazy, but a large refinery exclusively for exports would like up well with Genoil's consortium of chinese companies working on deals to secure oil imports for China.... See #3 after the link, but the rest is interesting. Also, combine the Fao refinery and the Nassiriya refinery and you get to 450K bpd and some oil field development. Seems to align with what we believe to be going on for proposals...
https://www.iraq-businessnews.com/wp-content/uploads/2017/03/Ahmed-Mousa-Jiyad-Latest-statement-by-the-Minister-of-Oil-causes-concerns.pdf