A single picture is sufficient to tell the story of the fate of the Baiji Refinery in Iraq. Recently reached by the ISIS forces, it has been the largest refinery in Iraq, with a capacity of 310 kbd, and has been used to provide products for domestic use. Since it would provide fuel for both sides in the conflict it had been left largely intact, but that “understanding” seems to have fallen apart. Figure 1. View from space of the fire at the Baiji Refinery in Iraq ( Slate ) The remaining significant refineries in Iraq are at Daura near Baghdad which can produce 210 kbd, although promised at 280 kbd and Basra in the south, which can produce 140 kbd . There are an additional 11 very small refineries located around the country. The conflict has already led to a drop in Iraqi exports of around 300 kbd […]