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In successive steps ... Iraq moves slowly to reunite the "oppressor" of its oil and deprive countrie

rocky
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In successive steps ... Iraq moves slowly to reunite the "oppressor" of its oil and deprive countrie Empty In successive steps ... Iraq moves slowly to reunite the "oppressor" of its oil and deprive countrie

Post by rocky on Sat 03 Oct 2020, 3:30 pm

[size=30]In successive steps ... Iraq moves slowly to reunite the "oppressor" of its oil and deprive countries of 2 billion dollars annually.
2020-10-03[/size]
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Yes Iraq: Baghdad
Today, Saturday, Oil Minister Ihsan Abdul-Jabbar laid the foundation stone for raising the refining capacity of Haditha refinery in western Anbar, from 16 thousand barrels to 36 thousand barrels per day, while it plans to raise it further to doubling by 70 thousand barrels per day during the coming years, days after A contract with a Japanese company to raise the refining capacity in the Southern Refineries Company to 55 thousand barrels per day.
 
Abdul-Jabbar said during laying the foundation stone, that "we are working on developing production units and adding new units to produce high-quality, environmentally friendly oil products, as well as providing job opportunities for the citizens of Anbar Province, western Iraq."
He stated, "The Ministry of Oil is proceeding with its plans to develop all sectors of the oil industry in accordance with international principles, standards and specifications, and we must make more efforts to complete this."
Abdul-Jabbar said that the Ministry of Oil is continuing with international companies to resume the implementation of the natural gas investment project in the Akkas field, which is one of the important strategic projects in the natural gas sector in Anbar Province.
The Director General of the Northern Refineries Company, Qassem Abdul Rahman, said in a press statement that the Ministry of Oil “will invite international companies specialized in establishing refineries to negotiate with them in adding a new production unit in accordance with modern European specifications with a capacity of 36 thousand barrels per day, so that the refinery capacity will increase to 70 thousand barrels in the future.”
 
Contract with Japan
Last Thursday, the Ministry of Oil joined the decrees of signing a contract with a Japanese company to raise production capacity for refining waste oil in southern refineries to 55 thousand barrels per day.
Ismail said that the Cabinet approved the implementation of the project, which comes within the framework of strengthening bilateral relations between Iraq and Japan, which was presented by the Japanese "JICA" organization, which is a representative of the Japanese government in financing development projects in the world, indicating that "the project aims to increase the production capacities of the company." Southern refineries, by converting the excess waste from the refineries' production, represented by black oil, into white products (gasoline with 92 octane number, gas oil, mixed naphtha, fuel oil) with international standards (Euro 5).
He stressed that “the project comes within the government's directions to enhance national resources and economic development in the country through optimal investment of production capacities to achieve the highest economic return from producing oil derivatives, which will reduce import, in addition to creating job opportunities for the people of the province, where (7) thousand opportunities will be provided. Work to be employed in the first phase of the project, in addition to (70) thousand other job opportunities during the advanced stages of implementing the project, according to the minister.
 
In turn, Hossam Wali, General Manager of the Southern Refineries Company, stated that the project is one of the important projects, and the extension of implementation will be (4) years from the date of commencing its work at the beginning of next year and the estimated cost is $ 4 billion, explaining that the purpose of implementing the project is to benefit from the refinery waste production from Fuel oil (black oil) and converting it to white derivatives (liquid gas, gasoline with an octane number of 92.2, gas oil, mixed puffs, fuel oil, gas oil in hydrogenation units) with environmentally friendly European specifications, and the project will increase the production capacities of the refinery.
 
 
Increasing production capacity to 100 thousand barrels in Nasiriyah
Last Thursday, a member of the Parliamentary Energy Committee, Sadiq Al-Sulaiti, announced the approval of the Ministry of Oil to add another refining unit to the Nasiriyah refinery in Dhi Qar with a capacity of 70 thousand barrels per day.
Al-Sulaiti said in a statement that "Oil Minister Ihsan Abdul-Jabbar agreed to implement the project of erecting a refinery with a capacity of 70 thousand b / d, to be added as an expansion of the current refinery with a capacity of 30 thousand b / d, in preparation for the installation of the gasoline improvement unit."
 
And Al-Sulaiti said that "the current Nasiriyah refinery is one of the old, dilapidated and few-capacity refineries, and there are many technical conditions in the strategic location of the governorate that contribute to the success of the project from the availability of pipelines, tanks and technical expertise to the cadres."
He pointed out that "raising the production capacity of the Nasiriyah refinery to one hundred thousand barrels per day will contribute to covering the need of the province and provide the central governorates with oil derivatives, and will contribute to providing a lot of job opportunities for the people of the province."
 
Al-Sulaiti praised the Ministry of Oil’s steps aimed at increasing the capacity of oil derivative refineries and reducing their import, which costs about $ 2 billion annually.
 
 
 
$ 24 billion to buy derivatives
These moves come at a time when Iraq spends billions of dollars annually on importing oil derivatives, while Al-Sulaiti revealed earlier that Iraq had wasted 24 billion dollars spent to buy and import oil derivatives from abroad.
 
And Al-Sulaiti said, “Iraqi refineries are currently operating at a capacity of 650 thousand barrels per day, which is not sufficient and does not cover the country's need. To face this challenge, we have asked the Ministry of Oil to increase production capacity urgently and quickly, because import is a great burden, and attention must be paid to the sector. Refineries, ”revealing that“ the country wasted 24 billion dollars in the last period that was spent for the purpose of purchasing oil derivatives and importing them from abroad. ”
 
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