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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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    THE MINISTER OF OIL SIGNS A PRELIMINARY CONTRACT TO ESTABLISH THE "LARGEST PROJECT FOR THE ENERGY IN

    Rocky
    Rocky
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    THE MINISTER OF OIL SIGNS A PRELIMINARY CONTRACT TO ESTABLISH THE "LARGEST PROJECT FOR THE ENERGY IN Empty THE MINISTER OF OIL SIGNS A PRELIMINARY CONTRACT TO ESTABLISH THE "LARGEST PROJECT FOR THE ENERGY IN

    Post by Rocky Tue 04 Jan 2022, 6:51 am

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    Economie

    [size=38]THE MINISTER OF OIL SIGNS A PRELIMINARY CONTRACT TO ESTABLISH THE "LARGEST PROJECT FOR THE ENERGY INDUSTRY" IN IRAQ[/size]


    Thursday, December 30, 2021 5:13 PM
    Baghdad / National News Center
    Today, Thursday, the Ministry of Oil signed an agreement on the preliminary principles of the Al-Faw refinery and petrochemical complex project with a Chinese company.
    On the sidelines of the contract signing, the Minister of Oil said at a press conference; The ministry, represented by the South Refineries, signed a contract with Hualu, a subsidiary of the Chinese company CNCEC, to invest in the Al-Faw refinery with a capacity of 300,000 barrels per day and the petrochemical complex, noting that “the project has an investment cost of $7 billion as an initial stage and will rise later to more than that in its second phase.”
    He added, "The project will turn Iraq into a country suitable for investment in the field of liquidation and will provide oil derivatives within the highest international standards."
    He stressed that "the technical and engineering study project for the project has been prepared since 2015 and four international companies have applied to invest in the project, and the Chinese company has won."
    from his side; Hualu representative Ahmed Abdul Latif said that the company is implementing the project according to the best international technologies, stressing that “the project will be the first and largest project of its kind in the region.”
    He explained that "the first phase will be the construction of the Al-Faw refinery, which will produce up to 300,000 barrels per day, with 7 to 8 billion dollars, and the second phase will be the construction of the petrochemical complex, with a production of 3 million tons annually, at an investment cost of 12 billion dollars."
    He pointed out that "the project would meet the needs of oil derivatives, significantly reduce the import of oil derivatives, and provide job opportunities for Iraqis."

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