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Chinese companies are preparing for the establishment of an oil refinery in Wasit
16/1/2017 0:17
[rtl] Walcott / Hassan Shahid al - Azzawi
voiced state of China 's desire to establish its oil refinery in Kut and investment associated gas in the fields of Ahdab and Badra oilfields, while Wasit administration confirmed obtaining the approval of the ministries of oil and electricity on theimplementation of the two projects.
The Chinese ambassador to Iraq (Jin Yong) during a press conference held in the office of Wasit province , with the participation of the conservative owner Saidi and attended "morning": that his companies want to set up oil refinery in Kut , to benefit from the production fields of Ahdab and Badra oilfields which their output exceeded 220,000 barrels per day, as well as gas investment associated with the extraction of oil to produce electric power.
He explained that the Wasit province contain significant investment opportunities they enjoy geographic nature helps recovery of agricultural, industrial and tourism sectors, making it a kiss to attract investors, indicating that Chinese companies will have a significant role of investment in all sectors.
He Yong said his country companies have succeeded in the work assigned to them in Iraq, including the company (Oasis) Chinese costly to extract oil from the Ahdab oil field Inc. (Shanghai) operating in Zubaydiah thermal power station, pointing out that China is serious companies in the implementation of a project to set up a power plant and oil refinery in Wasit , especially after obtaining the approval of the ministries of oil and electricity for the implementation of the two projects.
For his part, the governor of Wasit owner Saidi revealed during the press conference about the desire of the local government to enter the Chinese companies the field of oil, industrial and agricultural investment in the province and win big investment opportunities, indicating that Chinese companies have a long tradition in the field of industry and agriculture , including the company (Oasis) , the Chinese have proved its capacity in the field of extracting oil from the Ahdab which exceeded production capacity of more than 160,000 barrels per day and the company (Shanghai) operating in Zubaydiah thermal electric station.
He noted that the province obtained the consent of the Oil Ministry on the project of constructing oil refinery, also obtained the approval of the Ministry of Electricity to invest gas associated with the extraction of oil from the fields of Badra and Ahdab oilfields and benefit from the production of electrical energy through the establishment of a power plant.
Saidi pointed out that the local administration of the province offered opportunities that can be invested in front of the Chinese ambassador, stressing that his administration will work to harness all the possibilities to overcome the obstacles that can stand in front of the work of investment companies, stressing the need to accelerate the implementation of
projects.
He pointed out that the province has become too close to the establishment of a private oil company to maintain, disengagement company Midfield oil, as it has been preparing a study for the exploitation of gas extracted with crude oil, pointing the direction to maintain an official invitation through the Ambassador to all Chinese companies to participate in the International Exhibition for the second energy Wasit and construction and the planned investment for a period of 20 - 02.23.2017, as ambassador expressed his readiness in this regard to urge his companies to participate in the
exhibition. [/rtl]
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