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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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    3 “failed” attempts by the Ministry of Industry within 10 years to deal with a material whose value

    Rocky
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    3 “failed” attempts by the Ministry of Industry within 10 years to deal with a material whose value  Empty 3 “failed” attempts by the Ministry of Industry within 10 years to deal with a material whose value

    Post by Rocky Tue 12 Apr 2022, 9:15 am


    [size=30]3 “failed” attempts by the Ministry of Industry within 10 years to deal with a material whose value is equivalent to the budget of 3 years!


    2022-04-12
    [/size]
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    Yes Iraq: Baghdad

    Sedimentary sulfur, a substance that is one of the most prominent elements that Iraq possesses most of what is available in the world, as Iraq possesses 60% of the total global reserves of this substance, which makes it the first place in the reserves of sedimentary sulfur, but the manufacture and extraction of this substance has been abandoned and neglected in Iraq since 2003 By the number, the start of work and the extraction of this material was launched more than 50 years ago (half a century).
    Iraq owns about 400 million tons of sedimentary sulfur in the Mishraq fields, while the global reserve is 600 million tons, which means that Iraq acquires 66% of the global reserves, and the rest of the world shares the remaining reserves at only 34%.
    The Ministry of Industry says that "Iraq is the world's first in sulfur reserves, while noting that the sedimentary sulfur reserves in the Al-Mishraq fields amount to more than 400 million tons."
    The ministry explained that "the sulfur industry started since 1971, and the sulfur produced in the General Company for Mishraq Sulfur played a major role in supporting the national economy through what is exported to neighboring countries, as well as supporting the local fertilizer industry," noting that "after 2003, it stopped The production of sulfur in the company as a result of the events in that period, including the bombing and sabotage acts that affected the company’s facilities and led to the complete suspension of work in it.”
     
    This is the first stop of the sulfur industry, before the Ministry of Industry tried in 2010 a “failed” attempt that quickly stopped, as the ministry indicated that “the company has started preparing a feasibility study for the rehabilitation of the refined sulfur production line, but the costs are high to implement the rehabilitation process and resume production.” , indicating that "in 2010 the company, according to the amounts of allocations, set import priorities and purchase materials, machinery and equipment, as it was able to purchase specialized sulfur wells excavators, and a specialized sulfur filter unit, as well as purchasing a steam boiler unit, water pumps and specialized pipes."
     
    A second attempt was aborted by ISIS!
    The ministry pointed out that “it was hoped to complete the equipping and rehabilitation of all production lines and the trial operation of the project in 2015, but the entry of terrorist gangs into Nineveh Governorate in 2014 prevented this, as the company was exposed to the theft of most of the materials and equipment and the destruction of the company’s infrastructure.”
    A third attempt stopped without giving reasons!
    She emphasized that "the company started for the second time in 2017, preparing an economic and technical feasibility study and preparing an integrated investment file for the refined sulfur production project in its current reality, but the project was halted."
    The ministry explained that "the Prime Minister's office sent in the year 2020 a book that includes directing the Prime Minister to leave the decision regarding the investment of mineral resources to the next government," noting that "the company is awaiting the appropriate decision regarding it."
     
    The company made “proposals for the purpose of restarting the production and industry of sulfur, including providing the necessary allocations on the investment plan for the purpose of completing the installation and installation of the previously purchased equipment, as well as preparing and rehabilitating the industrial areas of the refined sulfur production line, which cost about 179 billion dinars, in addition to obtaining approvals from the central government to present the project as an opportunity investment in front of investors.
    The price of a ton of sedimentary sulfur is about $650 per ton, and with Iraq owning about 400 million tons, which means that Iraq bury a material whose price is more than 250 billion dollars under its land, which is sufficient for budgets for more than 3 years for Iraq, but the start of investment and production of this substance is suspended for strange reasons. The Ministry of Industry talks about it, sometimes related to unknown reasons, and at other times to the lack of funds, which are simple funds that do not exceed one million dollars compared to what this article provides of funds and revenues in the event of its production and export.
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