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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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    Iraq agrees with a Chinese company to build the Fao refinery at a cost of $8 billion

    Rocky
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    Iraq agrees with a Chinese company to build the Fao refinery at a cost of $8 billion Empty Iraq agrees with a Chinese company to build the Fao refinery at a cost of $8 billion

    Post by Rocky Thu 30 Dec 2021, 6:07 am

    Iraq agrees with a Chinese company to build the Fao refinery at a cost of $8 billion

    •  Time: 12/30/2021 12:51:59
       
    •  Reading: 884 times

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    {Economic: Al Furat News} The Ministry of Oil has signed an agreement of preliminary principles with the company HUALU on behalf of the Chinese company CNCEC for the Al-Faw investment refinery project with a capacity of 300,000 barrels per day and the construction of a petrochemical complex.
    On the sidelines of the signing of the agreement today, Thursday, Oil Minister Ihsan Abdul-Jabbar said that "the initial cost of the project ranges from 7 to 8 billion dollars, and the second phase may well exceed this figure."  
    He added that "the realization of the project on the ground will transform Iraq from a country that uses its direct resources in managing its business into a country that uses its investment environment well and attracts funds."  
    Abdul-Jabbar pointed to "the need for Iraq to strengthen relations with large companies and capital, in addition to the importance of good management of the country's financial and human resources."  

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