Hyundai begins converting oil waste into gasoline in Iraq.

South Korea's Hyundai Engineering & Construction announced Tuesday that it has completed major work at the Basra Refinery development site in southern Iraq and has begun trial operations to convert oil waste into gasoline.
Hyundai said Iraq's energy self-sufficiency and crude oil production revenue are expected to improve once the facility comes online early next year, according to South Korea's Yonhap news agency.
Hyundai held a ceremony to celebrate the first gasoline production on October 25 at the facility's construction site, attended by key figures, including Iraqi Prime Minister Mohammed Shia al-Sudani.
The project, which Hyundai won in 2020, aimed to build a refining facility that converts heavy oils and residues left over after crude oil refining into high-value petroleum products such as gasoline. The facility, located in the city of Basra, about 450 kilometers southeast of Baghdad, would produce gasoline at a capacity of up to 24,000 barrels per day.