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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Minister of Industry opens three new production lines

    Rocky
    Rocky
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    Minister of Industry opens three new production lines Empty Minister of Industry opens three new production lines

    Post by Rocky Wed 22 Nov 2017, 3:01 pm

    Minister of Industry opens three new production lines

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    Economy News Baghdad:
    The Ministry of Industry and Minerals announced on Wednesday the opening of a number of new production lines in the General Company for Steel Industries, while referring to the revision of the previous partnership and investment contracts, which were marred by corruption suspicions and caused the disruption of companies and abuse of reputation, confirming the termination of approximately 70 of these contracts .
    The Ministry of Industry and Minerals said in a press statement received by the "Economy News" that "the lines that were opened included the production line of welded pipes (60) thousand tons / year and the cost of 6 billion dinars, working according to the US API and was created to be within the production cycle integrated manufacturing columns The distribution of electricity revolving (9 and 11) meters, which include the manufacture of pipes and press parts of the column and the tower.
    "The opening of the production line of light poles (7, 10, 12 and 15 meters) and the cost of (3.9) billion dinars of the allocations of the investment plan (10 thousand) column / year, and the production line of oxygen and nitrogen that was created In partnership with the private sector in cooperation with RAPCO UAE at a cost of (7.5) billion Iraqi dinars for the production of liquid oxygen with purity up to 99.6% and liquid nitrogen with purity up to 99.9% and a production capacity of (1000) liters / hour.
    For his part, said the Minister of Industry and Minerals Agency Mohamed Shi'a Sudanese in a speech during the celebration held by the occasion, that "the Iraqi economy grew and grew on the unilateral economy depending on oil as a main source to feed the federal budget, and the impact of oil prices began weakness and weakness is clear and led to the suspension of many Of projects and the reduction of expenditures and the impact on the overall movement of development in society, it is imperative for those concerned in the State to undertake a comprehensive and real review of the reality of the Iraqi economy and work seriously and methodically scientific to restore national industry, both government and private to normal.
    "The opening of these production lines represents the vision of the Ministry of Industry and Minerals in reviewing the projects of the investment plan, which the state spent billions of dinars over the past years and was disabled," he said, adding that "the unplanned opening after 2003 caused a complete halt and paralysis of all factories and laboratories in all sectors." And to benefit from these projects and rehabilitation in accordance with available resources. "
    Al-Sudani pointed to "the ministry's procedures to review the previous partnership and investment contracts, which were marred by suspicions of corruption and caused the disruption of companies and damage to their reputation, where nearly 70 of these contracts have been terminated to restore the confidence of state institutions that still doubt the ability of these companies to provide a product within the required specification and time periods Selected. "
    He stressed the need for "the state's commitment to support national production and address the deliberate dumping of the Iraqi market with bad imported goods by controlling the border crossings and reducing corruption rampant in it," adding that "the state is required to have a real oversight role on this joint."


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