Oil signed with a Kuwaiti company an investment record in the associated gas project and production of methanol
15:04 - 22/02/2018
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Information / Baghdad ...
The Ministry of Oil signed a memorandum of understanding with the delegation of representatives of Al-Arfaj Holding Company in Kuwait on Thursday.
"The Minister of Oil, Jabbar Luaibi, met today with the delegation of representatives of Al-Arfaj Holding Company, headed by Saud Al-Arfaj. During the meeting, the ministry was represented by the Undersecretary of the Ministry for Liquidation Affairs Fayad Hassan N'meh. Minutes of a meeting with Al-Arfaj Company Including the formation of a coordinating committee between the two parties to exchange information on the implementation of projects in the region and the world. "
"The report also included the company's desire to invest in the associated gas investment project and the production of methanol, as well as the company's invitation to the Ministry of Oil to contribute to the investment in the construction of an oil refinery in India with a petrochemical complex."
"According to the statement," a priority of the Ministry of the optimal investment of gas accompaniment and the implementation of liquidation and petrochemical projects and the development of infrastructure for the distribution of oil derivatives. "
He pointed out that "the ministry is keen to implement investment projects for the construction of refineries inside Iraq to increase the production capacity of oil derivatives, and to cover and meet the actual need for domestic consumption. Moreover, the ministry has ambitions and directions for the establishment of refineries abroad in cooperation with specialized international companies.
"The ministry, through the investment projects it has put forward to compete with international companies, aspires to reach high production rates of oil products up to 2 million barrels per day during the year 2022," he said.
For his part, between the Undersecretary of the Ministry of liquidation, that "the ministry expressed its willingness to enter investment projects in cooperation with Kuwaiti companies to enhance the volume of cooperation and relations between the two countries and the opening of large areas of investment." Ending / 25
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