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Al-Kazemi Office announces: Japan begins a large oil project in Iraq
01 October 2020
Ultra Iraq - Editorial Team
Prime Minister Mustafa Al-Kazemi's office announced, on Thursday, the signing of a major oil project agreement with a Japanese company.
The media office stated in a statement on October 1 that Iraq signed the project to convert surplus waste in the oil industries into high-value products (FCC) planned in the southern refineries, with the Japanese company (JGC), in the presence of the ministers of oil and planning.
According to the statement, the project aims to increase the production capacity of the Southern Refineries Company, by converting the surplus production waste represented by black oil into high-value products, such as high-octane gasoline, gas oil, mixed naphtha and fuel oil, with international specifications.
The project also includes a cracking unit with auxiliary agent in Basra, near Al-Shuaiba refinery, which is one of the advanced technology projects that will enter Iraq for the first time, and will work on converting the black oil, which makes up 40-50% of crude oil, into light, high-value products.
The capacity of the project is 55 thousand barrels per day, and it will include the production of liquid gas with a capacity of 1000 tons per day, the production of gasoline up to 4,200 cubic meters per day, the production of hydrogenated gas oil with a capacity of 1,200 cubic meters per day, as well as the production of fuel oil for power stations.
The statement pointed out that "these projects, which adopt the European environment-friendly specifications (Euro 5), represent an opportunity to provide thousands of new job opportunities."
"The project represents the beginning of a long partnership with Japan, and a model for fruitful economic cooperation that will contribute to strengthening the Iraqi oil sector," Prime Minister Mustafa Al-Kazemi said during a meeting with a delegation from the Japanese Project Group (FCC) in the southern refineries.