Oil signs contracts for hydrogenation and improving gasoline in Kirkuk
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Economy News - Baghdad
Deputy Prime Minister for Energy and Oil Minister, Thamer Ghadhban confirmed the ministry's endeavor to implement projects to increase refining capacity, through contracting with international companies and private sector companies in Iraq.
Ghadhban made the remarks, according to a statement by the ministry, during the signing ceremony of the hydrogenation project, and improve gasoline in the province of Kirkuk with a capacity of 12 thousand barrels per day, between the North Oil Companies and North Gas and Al-Barham invested for the project.
The minister said, "The hydrogenation and gasoline improvement project in the province of Kirkuk comes within the directives of the ministry to develop the refinery sector; with the aim of increasing production of high-octane gasoline fuel, which will reduce its import."
Ghadhban added, "The new project will rely on naphtha produced in the Kirkuk refinery," noting that "this step comes to increase the national content in the development of the oil and gas industry, a step supported by the ministry in maximizing the role of the Iraqi private sector."
For his part, the President of Al Barham Shwaneh Aziz Saleh, said that "the signing of the contract with the North Oil and North Gas companies, comes to equip the North Gas Company with untreated natural gasoline. Electric power of the project. "
For his part, said the spokesman of the ministry Asim Jihad, "The hydrogenation project and improve gasoline investment in Kirkuk will work with a capacity of 12 thousand barrels per day."
Jihad added that "the project will produce high-octane gasoline (95) with European specifications, and consists of three main units (hydrogenation - Izmra - gasoline improvement)."
Jihad explained that "the duration of the implementation of the project 28 months, and the cost of up to about $ 400 million."