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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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    A detailed explanation of the Japanese loan project for the Basra refinery.. It will reduce the prod

    Rocky
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    A detailed explanation of the Japanese loan project for the Basra refinery.. It will reduce the prod Empty A detailed explanation of the Japanese loan project for the Basra refinery.. It will reduce the prod

    Post by Rocky Thu 29 Dec 2022, 6:25 am


    [size=30]A detailed explanation of the Japanese loan project for the Basra refinery.. It will reduce the production of black oil by 1,000% and increase the production of gasoline by 300%

    2022-12-29
    [/size]
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    Yassin Iraq: Private

    The news of Iraq signing a contract with a Japanese company to develop the Basra refinery and establish a cracking refinery with the helper invaded the media and social networking sites, where Finance Minister Taif Sami appeared and she was “happy” after signing with the Japanese side, but there is no information that explains the meaning of this contract for those who ask about it. The “Yess Iraq Platform” will try to work on interpreting and researching this project, its objectives and results.
    To begin with, the latest signing is the fourth phase of the contract, with a value of 120 billion yen (1.2 billion dollars), out of the total value of 400 billion yen (about 4 billion dollars). The contract dates back to 2020, and it is hoped that it will end in 2025.
    A question arises about the nature of the “development” that the Japanese company will establish, and with Japanese funds and financing, a “Japanese loan”, as those who hear about this may be expected to know the development of the refinery, how much it will produce and raise refining production, but the refinery does not work to increase the refining of barrels of crude oil, but rather its goal The only one is "improving refining".
    In previous statements of the Basra Oil Company, she clarified that “building oil refineries with fluid catalytic cracking of liquids is a very important step to correct the imbalance between the market demand for motor fuels, and surplus products (black oil and naphtha) resulting from the distillation of crude oil, and to achieve financial revenues.” Double the difference in the price of one liter of oil derivatives.
    The FCC refinery project is unique in the country and is being implemented using fluid catalytic cracking technology to convert surplus products from (current) thermal cracking refineries into gasoline, olefin gases and other products of higher value.
    The refining capacity of the Shuaiba refinery, which includes Basra refinery units (1, 2 and 3), is more than 200,000 barrels per day.
    Iraq repeats a total of 800,000 barrels of crude oil per day in all its refineries, and it is assumed that each barrel of oil produces 71 liters of gasoline, for example, which means that Iraq is supposed to produce about 57 million liters of gasoline per day, but it only produces 15 million liters of gasoline per day. , due to the reduction in the extraction efficiency in Iraq, where the extraction efficiency is only 25%, according to calculations conducted by “Yess Iraq”.
    From here, the importance of the Japanese project “Capacity Cracking Project” appears, as the project aims to raise the extraction efficiency in the refinery by maintaining the same refining capacity.
    In other words, refining 200 thousand barrels per day, according to the current extraction efficiency of only 19 liters of gasoline per barrel, produces 3.7 million liters per day of gasoline, and after raising the extraction efficiency according to the Japanese project, it is assumed that the production of gasoline will increase to 14 million liters per day, which means raising The proportion of gasoline production by about 300%.
    On the other hand, the low extraction efficiency in Iraqi refineries causes the production of a large amount of waste, specifically black oil, as Iraq produces 50 million liters of black oil per day by refining 800 thousand barrels per day, which means that each barrel of oil produces about 63 liters of black oil, while Each barrel is supposed to produce only 6 liters of black oil, and with the improvement of extraction efficiency in the Basra refinery, this will be achieved, and instead of producing 12.5 million liters per day of black oil from the refinery, only 1.2 million liters per day will be produced, which means that the production of black oil will be reduced. by a thousand percent.
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