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Oil: A plan to encourage the petrochemical industry through investment
25/10/2017 12:00 am [rtl]The completion of refinery in Karbala will save $ 3 billion to the treasury annually Baghdad / Tariq al- Araji prepared the Oil Ministry 's plan to encourage the petrochemical industry through investment through international companies, saying that speed up the completion of refinery in Karbala will provide an annual amount estimated three billion dollars in the federal budget as well as saved thousands of jobs . The former agent of the ministry, Fayyad Ne'ma, explained by a private speech to "Sabah" that the acceleration of the introduction of Karbala refinery to work, will contribute to the provision of amounts up to three billion dollars as a result of the suspension of import of derivatives, especially gasoline and (kerosene), in addition to providing thousands of jobs to be Industrial base in the region. He added that the government has taken the decision to build a refinery in Karbala with a capacity of 140 thousand barrels, which reached completion rates to 45 percent, confirming the arrival of the materials purchased by 75 percent to the site is in operation, and expressed the hope that the allocation of projects to see the light At the beginning of 2020, in the event of allocating more funds, noting that if this is done, the date will be reduced by six months. He pointed out that the ministry has contracts to import derivatives at the same rates or less, as the import of liquid gas has been exceeded, and Iraq has turned into a source, noting that the white oil material has no imports except for limited quantities in the winter season to meet the need. He said that the ministry imports 35 percent of the country's actual need to mix it with al-Naftha to maximize the production of gasoline and to import kerosene at an annual rate of 30 percent to pay for electricity and generators. It is made from dealers and not from countries. In the event of an agreement reached early next year with the Chinese and French companies, he will enter the work within four years, which will contribute to the ministry's supply of 150,000 barrels per day, revealing the offer of Wasit and Anbar refineries And Basra Investment, which counted as important refineries, some of which are linked to electricity. He stressed that the country has the opportunity to expand the work of refineries, petrochemicals and chemical factories towards the desert lands in western and southwestern Iraq to be a market for export to Europe and Southeast Asia, revealing the work of the ministry and in cooperation with the Ministry of Industry to establish a petrochemical industry and the fertilizer industry, With a plan to implement complementary projects in the refineries by supplying them with complementary petrochemical units to encourage investors and create international partnerships.[/rtl] [rtl][You must be registered and logged in to see this link.] [/rtl] |
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