News / the Basra Announced the Investment Authority in the Basra onSunday, it was Granted an investment license directories to the Implementation ofinvestment projects in the province, an Iraqi company at a cost of about $ 12 million to Establish a factory for the production of chemicals on square meters 16,000. The HEAD of the Gaspe in an interview with Alsumaria News, "The Authority Granted power 'sthe world of General Contracting Co. KG . , an investment license directories to Implement the project of Establishing a plant of shall produce Improvers fuel and motor oils and chemical materials boilers and special mechanical exchanges and contraindications oxidation and corrosion, "That Noting" the plant is scheduled to be two lines Antegean, the first products chemical additives 4 000 tons annually, and the :other for the production of chemical additives for fuel. "

Gaspe to draw of That "the plant is Hoped to Contain the production line third for theproduction of caustic soda in the event of the project to the expand after itscompletion," adding That "the cost of the project amounting to 12.0005 million thousand dollars, will be the lab on 16,000 square meters, and will Provide project dozens of job Opportunities for the people of the Basra. " the BIC was Established in October 2008 and placed on the BODY to diagnose and securing investment Opportunities and the Issuance of licenses to the Iraqis and foreign investors are to Implement projects in various Sectors, on the cost of speculative not Exceeding each project for Billion dollars, and not to be related Friends to the oil industry or thebanking sector Because the approval of projects of this kind is the jurisdiction of theGeneral Secretariat of the Council of Ministers.