money and business

money and business




The opening of bids for the construction of the first phase of the port of Faw in the presence of three major companies
The Ministry of Transport announced on Monday the opening of bids for the first phase of the construction of the port of Faw in the presence of three major international companies, the ministry said in a statement received (range) Iraq, opened yesterday, bids for the first phase of the construction of the port of Faw, in the presence of the Minister of Transport Kazem Fanjan Al-Hamami, the Director General of the company Riyad Swadi Shamki and a collection of departmental officials and the people in the company.
"The tenders were opened in the presence of three major companies, Daewoo, the International Drilling Companies Coalition and the Csecc consortium," the statement quoted the company's general manager as saying.
For his part, stressed the Minister of Transport, according to the statement, the need to "the adoption of transparency and fairness in the consideration of offers advanced by the major international companies that would like to work at the port of Faw," noting that "the companies that attended the bids are highly attentive and efficient in the field of strategic projects giant and have experience Wide world. "
"The project is a major step forward for the Iraqi economy and raises the financial capabilities of the state and attracts international companies to transport their goods and goods through this port," he said. On March 30, 2015, the Ministry of Transport announced that the Ministry of Transport decided to launch the large port project as an investment opportunity for all qualified investors wishing to invest in the project under the Investment Law No. 13 of 2006 and its amendments and the attached regulations and instructions. In the companies of the Ministry. The Ministry of Transport, in April 2010, laid the foundation stone for the project of the port of Faw, which, according to the basic designs of an Italian consulting firm on a container berth of 3500 meters long, and another berth length of 2000 meters, as well as a storage area of ​​more than one million meters Square, and other multi-purpose square with an area of ​​600 thousand square meters. The total capacity of the port is 99 million tons per year. The total cost of the project is estimated at four billion and 400 million Euro. The project is the largest investment project in Iraq because of its great economic importance. In mid-2013, the Ministry of Transport contracted Greek company Arcolidon to set up an eastern wave barrier at the port site for a length of 8 km. The completion rate of the project was more than 90%. The ministry contracted South Korea's Daewoo to construct the Amwaj Another cost $ 511 million, and extends the barrier length of 16 km, has reached the completion rate to 10%.



Reports: Fatah Trebil will reduce the stagnation of the Jordanian economy and restore life to other sectors
Jordan's Al-Ghad newspaper reported that the recession in the Jordanian economy has reduced the life of several sectors after the opening of Trebil border port with Iraq, pointing out that the Jordanian truck carrying goods to Iraq is now 10 days instead of two days. "The opening of the Karbala crossing between Jordan and Iraq will bring life to several economic sectors in the Kingdom, while experts say this will be an opportunity to reduce the impact of the recession that the economy has been suffering for some time," the paper said in a report. She added that "the truck sector is one of the most important sectors that have been negatively affected by the closure of the border with Iraq; the losses of 200 million dinars during the past six years because of a series of closures, not only losses on the truck sector only, but closed nearly 150 offices of clearing companies that were Operating inside the Karama border center. " She added that "



Oil denies use of the fourth lead bullets for gasoline production
The Ministry of Oil denied on Monday the use of Iraqi national refineries for the substance "TEL" lead bullets "in the process of producing improved gasoline, noting that it began to encourage the use of liquid gas fuel in vehicles instead of gasoline.
The Ministry said in a statement that it had "abandoned the use of TEL" fourth lead lead "and stopped importing it since 2015 in its production of gasoline and replaced it by mixing gasoline produced locally with imported gasoline with high octane number 90-95 to produce improved gasoline To become the number octane 81 ", explaining that" it is working on the use of modern technology and the establishment of benzene improvement units in accordance with the specifications of modern world-friendly environment. " The ministry added that it "has already launched a campaign to encourage citizens to use liquid gas fuel in vehicles instead of gasoline, because it represents liquid gas of clean and environmentally friendly fuel, as well as the financial and economic returns, whether the federal treasury or the citizen to license the price of liters of gas to the liquid that Less than the price of gasoline price by more than 50%, "noting that"


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