[size=36]Oil signs a memorandum of agreement of principles for the implementation of the Qayyarah investment refinery[/size]
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And the Ministry of Oil stated, in a statement received by Mawazine News, a copy of it, that "under the patronage of the Minister of Oil, Ihsan Abdul-Jabbar Ismail, the Ministry of Oil represented by the North Refineries Company signed a memorandum of agreement of principles (HOA) to implement the Qayyarah investment project with a capacity of (70) thousand barrels per day." With the Swedish company SEAB and the Turkish company Limak.
The Undersecretary for Liquidation Affairs, Hamed Younis, said during the signing ceremony, that "the ministry is keen to advance the liquidation sector through an axis related to plans to develop government refineries by adding advanced units to increase production and improve products, and another axis related to the establishment of advanced investment refineries distributed throughout Iraq and as needed. and population density, and aims to cover and meet the local need.
Younis added, "The memorandum of agreement on principles for the implementation of the Qayyarah investment project comes within this framework, and represents an important addition to the liquidation sector, especially for Nineveh Governorate."
For his part, General Manager of the North Refineries Company, Qassem Abdul Rahman, said that "the memorandum of principles with the companies (Seeb) and (Limac) outlines a road map for an investment contract for the Qayyarah refinery with a capacity of (70) thousand barrels per day using complex and advanced technologies to treat heavy oil and turn it into White products with European specifications (Euro 5)".
In turn, the Director-General of the Department of Studies, Planning and Follow-up, Naseer Aziz, said:
While the representative of (SEAB) company, Taher Ablahad Qariou, expressed his “happiness that his company joined the implementation of a large and important project that falls within the strategy of the Ministry of Oil and its plans to develop the refinery sector,” stressing that “negotiations with the concerned authorities in the ministry took more than a year to reach an agreement formula.” Principles, followed by signing the contract after three months, during which the contracting companies submit their financial and technical obligations and documents related to the project.
For his part, the representative of (Limak) company, Abdul Hakim Madhi, confirmed "his company's readiness to implement the project, which is one of the important projects in the refining sector, using the latest equipment and technologies for treating heavy oil." Ended 29/A43