(EnergyAsia, July 27 2011, Wednesday) — Iraq’s oil ministry and the Karbala Corporation Refinery (KRC) have signed an agreement to jointly invest in a 200,000 b/d refinery in the country’s central Karbala region.Operator KRC has awarded the main EPC contract for the long-delayed project to Italian engineering firm Saipem.The ministry said the US$6.5 billion refinery,…