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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

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    Japan lends Iraq $300 million to develop Basra refinery project

    Rocky
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    • Post n°1

    Japan lends Iraq $300 million to develop Basra refinery project Empty Japan lends Iraq $300 million to develop Basra refinery project

    Post by Rocky Tue 15 Jun 2021, 7:09 am

    Japan lends Iraq $300 million to develop Basra refinery project

    •  Time: 06/15/2021 14:50:54
       
    •  Reading: 715 times

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    {Economic: Al Furat News} The Ministry of Planning witnessed today, Tuesday, the signing ceremony of the minutes of discussions of the third loan for the Basra refinery development project with the Japanese International Cooperation Agency (JICA) with a value of 300 million dollars. Public debt and loans, Dr. Salah Al-Hadithi. and representatives of the Japan International Cooperation Agency (JICA).
     The useful summary.. In important news, you can find it in the Euphrates News channel on the telegram.. [You must be registered and logged in to see this link.]
    The ministry stated in a statement received by {Euphrates News} that "the report was signed on the Iraqi side by the directors of the sectors planning and international cooperation departments in the Ministry of Planning and the director of the Public Debt Department in the Ministry of Finance, as well as the director of the General South Refineries Company and the director of the Basra Refinery Development Project Phase Three, as he signed it for The Japanese side: Representative of the Japanese Agency (JICA) for the Middle East and Europe, Ono, as well as the representative of the Regional Office for the Middle East and Europe of the Japan International Cooperation Agency, Nakura.
    The Director of the Public Sectors Planning Department in the Ministry of Planning, Basem Dari Mahmoud, stressed the importance of the Basra refinery development project, as it is a modern technology used for the first time in the manufacturing sector, which will lead to an increase in the economic value of black oil by converting it into oil derivatives with a higher value. The signing of the minutes of discussions of the third loan agreement with the Japanese agency JICA to finance the project has proceeded.
    For his part, Director of the General International Cooperation Department in the Ministry of Planning, Saher Abdul-Kazim Mahdi, said: Today, the minutes of discussions of the third loan for the Basra refinery development project were signed with the Japanese International Cooperation Agency (JICA), adding that “the purpose of signing the loan is to develop Basra refinery and contribute to improving Basra refinery.” The quality of oil derivatives, as well as improving the Iraqi oil production capacity, meeting the local need for petroleum products, bridging the gap and reducing the demand for oil products, which are being imported from abroad by strengthening the productivity of a number of units in the Basra refinery by introducing the cracking unit in the auxiliary plant and with the addition of The two hydrogenation units (to treat light gas oil), which will contribute an effective and prominent role in the reconstruction process and support the national economy.
    For his part, Director of the Public Debt Department at the Ministry of Finance, Khaled Salah, said: “Because of the importance of the Basra refinery development project, we signed today the third draft loan agreement with a value of $300 million to continue the project and we are working to accomplish as much as possible before the end of this year in order to be added next year to the budget law.” Within the fourth phase of this project. Stressing that the project is of strategic importance through the liquidation process and is very important to the Ministry of Oil, which is one of its priorities.
    To that, the Director of the General South Refineries Company, Hossam Hussein, said: Today, we signed at the Ministry of Planning the minutes of the third loan for the Basra Refinery development project, with a value of 300 million dollars, which will enhance the financial position of the project, which began work on the Shaybah site since the fifteenth of February of this year. He added, "This project is of great importance for depleting fuel oil, which is an excess material produced by refineries and turns into gasoline, kerosene and fuel for power stations."
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