Turkish and Chinese companies invest $ 10 million in Basra

by **claud39** Sun Mar 24, 2019 3:09 pm

https://www.mawazin.net/Details.aspx?jimare=39516

[size=36]Turkish and Chinese companies invest $ 10 million in Basra[/size]

24/03/2019

Turkish and Chinese companies invest $ 10 million in Basra 112432019_7d73adb9-9169-479e-9def-e32d4f5b7abd

BAGHDAD - News balances

raised two companies (UB Holding) and Turkish SASPG Chinese, Sunday, the Basra Investment Commission to create an investment factory for the production of industrial and medical gases believed in the local market need.
"After discussing with the two companies, the investment will be through the processing, installation and operation of an integrated industrial and medical industrial gas plant over a period of 18 months at a cost of $ 10 million on an area of 4 million square meters," said Alaa Abdul Hussein Salman, Duanem ".
For his part, the managing director of UB Holding, Mamoun Abu Khamis, said: "The plant to be constructed will provide 100 jobs, while the company wishes to establish it near the iron and steel plant currently operated by the company in Khor Al-Zubair region."
"The plant will produce oxygen, nitrogen, ammonia, helium, arcon, hydrogen, ozone and methane, and Iraq is currently importing its industrial and medical needs from neighboring countries like Turkey," said Hui Wenxi, vice president of SASPG. And Kuwait in what will contribute to the establishment of the plant in filling the need of the country of these gases.
And the reports indicate that the need of the Iraqi market of liquid nitrogen gas is 2250 tons per month as the refineries of the south alone require 150 tons per month and drilling and exploration companies 600 tons per month, "while" the price of one ton of liquid nitrogen $ 450, "while the need The market of liquid oxygen 300 tons per month, "and from the Arcon gas 250 tons per month." Finished 29 / a 43