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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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    Which is better, the Chinese offer or the Jikye offer to build the Faw refinery?

    Rocky
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    • Post n°1

    Which is better, the Chinese offer or the Jikye offer to build the Faw refinery? Empty Which is better, the Chinese offer or the Jikye offer to build the Faw refinery?

    Post by Rocky Sat 17 Jul 2021, 2:04 pm


    [size=30]Which is better, the Chinese offer or the Jikye offer to build the Faw refinery?

    2021-07-17
    [/size]
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    [rtl]Nabil Al Marsoumi wrote:[/rtl]

    The Iraqi Oil Ministry announced the assignment of the construction of the Faw oil refinery in Basra to the Chinese state-owned company (CNCEC), with a capacity of 300,000 barrels per day, at a cost of $7 billion. The contract also includes the construction of a petrochemical complex, which has a production capacity of 3 million tons of petrochemical products at a cost of $12 billion.However, the representative of the Belgian company coalition accused the Ministry of Oil of the existence of suspicions of corruption that led to the expulsion of the Belgian company and the victory of the Chinese company, although the Belgian company presented, as they say, a better offer than the Chinese company, guaranteeing the employment of 10,000 Iraqi workers after training them upon signing the contract and social benefits related to building a residential city for families The martyrs, a medical city and an electric station, and the Ministry of Oil has not yet responded to these accusations, nor has it announced the details of the Chinese offer, the duration of the completion of the refinery, and the nature of the contract with the Chinese company. Is it a contracting contract executed by the company for the benefit of the Ministry of Oil, or is it a foreign direct investment under which the Chinese company builds the refinery and pays its costs, management and obtaining its profits in return for paying a certain tax to the Iraqi government?
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