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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Finance signs a memorandum of understanding with Japan to develop the Basra refinery

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 280906
    Join date : 2012-12-21
    • Post n°1

    Finance signs a memorandum of understanding with Japan to develop the Basra refinery Empty Finance signs a memorandum of understanding with Japan to develop the Basra refinery

    Post by Rocky Wed 28 Dec 2022, 5:16 am

    Finance signs a memorandum of understanding with Japan to develop the Basra refinery

    [You must be registered and logged in to see this image.]



    [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]


    Economy News-Baghdad
    Today, Wednesday, the Ministry of Finance signed a memorandum with Chargé d'Affaires of the Japanese Embassy in Baghdad, Masamoto Kenichi, regarding the Japanese yen loan for the Basra Refinery Development Project (Phase IV).
    And the Iraqi News Agency (INA) stated, "The Minister of Finance, Taif Sami, signed today, in the ministry's building with the Chargé d'Affaires of the Japanese Embassy in Baghdad, Masamoto Kenichi, a memorandum regarding the provision of a Japanese yen loan for the development of the Basra Refinery (Phase IV)," noting that "the value of the loan It amounts to 120 billion Japanese yen, which is equivalent to about 1,200 million US dollars.
    She added, "The project will develop the current Basra refinery by installing a new refinery called the Liquid Catalytic Cracking Complex (FCC), which can convert the remaining oil from the existing stations into oil products of high value, as it will be the first liquid catalytic cracking complex."
    The project aims to increase the quality of petroleum products and bridge the gap between supply and demand, in addition to alleviating the environmental burden at the new plant through the introduction of a Light Gas Oil Desulfurization Unit (LGOHDT) through technology transfer.
    Once the project is implemented, the Basrah Refinery will be the first FCC that will produce high value-added petroleum products such as gasoline and diesel, which will be in line with international environmental standards.
    The project is expected to lead to:
    1- Providing foreign currency that may be spent on importing a huge amount of fuel, improving trade and current accounts, and reducing the fiscal deficit.
    2- Providing economic opportunities and job opportunities for the Iraqi people, especially through and after the project.
    3- Modernizing the Iraqi energy industry and paving the way for attracting the savings sector in the Iraqi energy sector.
    4- Reducing air pollution by reducing the sulfur content in petroleum products in accordance with international standards.

    Views 55
    Added 12/28/2022 - 12:40 PM
    Updated 12/28/2022 - 2:15 PM
    [You must be registered and logged in to see this link.]


    • Back to top
      Current date/time is Sun 17 Nov 2024, 6:53 pm