Iraq approves huge Japanese loan to develop oil refinery

by **claud39** Tue Dec 25, 2018 9:01 am

http://alforatnews.com/modules/news/article.php?storytopic=37&storyid=183303

[ltr]Iraq approves huge Japanese loan to develop oil refinery[/ltr]

2018/12/25

Iraq approves huge Japanese loan to develop oil refinery Story_img_5c21cb7802b29

[ltr]The Minister of Oil Thamer Ghadhban announced the approval of the ministry on the Japanese loan {JICA} to develop Basra refinery worth three billion and 600 million dollars.[/ltr]

[ltr]Al-Ghadhban said in a press statement: "The Cabinet recently approved on the recommendation of the Council of Ministers of Energy, which I head, on the Japanese loan {JICA} to establish a cracker in Basra refinery and development of $ 1 billion, and there are other contracts will be completed so that loans from JICA to develop a refinery Basra to three billion and 600 million dollars on concessional terms and up to 3 years because it is complex and there is a turnout in many international companies because it will pass on the basis of a contract and funding existing loan.
"At the same time, there is the construction of new refineries or what is known as investment refineries and one of them under construction in Karbala, which faced difficulties in the beginning as a result of falling oil prices and the inability of the state at the time and the level of terrorism and urged some areas of the country.
"The refinery has had difficulties in paying the dues of the Korean contractor. The work stopped and the previous government took measures, made payments and I personally met the contractors," Ghadhban said.
He pointed out that "we have weekly advanced angel headed by Undersecretary goes to the refinery to see the progress of work and promised the contractor that next year will see an increase in completion rates for the current year and the goal is to be the first achievement mid-year 2021."
"The Karbala refinery is modern with European specifications and produces high octane gasoline, low sulfur gas oil, and black oil at a higher rate of 18 percent, not 50 percent as it is now. Most of the production will be benzene and medium distillates. It is close to major consumption centers and will be connected to pipelines And its products are within the national network of petroleum products. " is over [/ltr]

by **claud39** Tue Dec 25, 2018 9:12 am

https://www.alaraby.co.uk/economy/2018/12/25/%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%8A%D9%88%D8%A7%D9%81%D9%82-%D8%B9%D9%84%D9%89-%D8%AA%D9%86%D9%81%D9%8A%D8%B0-%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%88%D8%AD%D8%AF%D8%A9-%D8%AA%D9%83%D8%B1%D9%8A%D8%B1-%D8%A7%D9%84%D8%A8%D8%B5%D8%B1%D8%A9

[rtl]Iraq agrees to implement the Basra refinery unit at a cost of one billion dollars[/rtl]

Iraq approves huge Japanese loan to develop oil refinery 368

Iraq approves huge Japanese loan to develop oil refinery 368

[rtl]The Iraqi government announced on Tuesday the approval of the implementation of a new refining unit in the oil refinery of Basra in the Arabian Gulf , in southern Iraq, at a cost of one billion dollars, with the support of the Japan International Cooperation Agency.[/rtl]

In a statement, the government said the cabinet had agreed to authorize the Ministry of Finance to agree with Japan's International Cooperation Agency to finance the construction of oil refinery units at the Basra refinery .

According to the statement, the project is among several strategic projects to be undertaken by the Government in the coming period. This comes with the announcement of the Iraqi Oil Minister Thamer Ghadhban, Tuesday, that Iraq is importing daily 10 million liters of gasoline a day from the world markets, indicating that oil gas mostly imported to fill the need to generate electricity.

Al-Ghadhban stressed that the exposure of a number of oil refineries to terrorist operations, such as Baiji and modern refineries, caused a decline in the rates of domestic production in Iraq, which led him to contract with several countries to secure the local need of gasoline and gas oil, noting that work is underway to rehabilitate refineries that went out For the purpose of reducing the daily import volume.

[rtl]
For his part, a member of the Basra City Council, Abbas al-Maliki said in a statement to the "new Arab", "The signing of the refinery and approval is the largest projects in the important investment map in the city, and will contribute to the provision of oil derivatives of the city with job opportunities for more than 3 thousand unemployed from Work, especially as the city suffers from widespread unemployment. "

[/rtl]

He added that "the entry of foreign capital will play an important role in strengthening the economy in the city and in light of the openness achieved by the local administration."

by **claud39** Wed Dec 26, 2018 7:07 am

http://economy-news.net/content.php?id=14881

Cabinet approves Japanese loan to develop Basrah refinery

26/12/2018

Iraq approves huge Japanese loan to develop oil refinery 12067

Iraq approves huge Japanese loan to develop oil refinery 12067

Economy News Baghdad

The Cabinet approved the Japanese loan from JICA Japan to develop Basra refinery with a value of $ 3 billion and $ 600 million.

The Minister of Oil, Thamer Ghadhban, said in a press statement followed by "Economy News", that the Cabinet approved "recently on the recommendation of the Council of Ministers of Energy, which I headed, on the Japanese loan (JICA) to establish a cracking unit in Basra refinery and development of one billion dollars, "JICA will be able to develop Basra refinery to $ 3 billion and $ 600 million on concessional terms for up to three years because it is complex and there is a turnout among many international companies because it will pass on the basis of a contract and its existing funding from the loan."

"At the same time, there is the construction of new refineries or what is known as investment refineries and one of them under construction in Karbala, which faced difficulties in the beginning as a result of falling oil prices and the inability of the state at the time and the level of terrorism and urged some areas of the country.

"The refinery has had difficulties in paying the dues of the Korean contractor. The work stopped and the previous government took measures, made payments and I personally met the contractors," Ghadhban said.

He pointed out that "we have weekly advanced angel headed by Undersecretary goes to the refinery to see the progress of work and promised the contractor that next year will see an increase in completion rates for the current year and the goal is to be the first achievement mid-year 2021."

"Karbala refinery is a modern European specifications and produces high octane gasoline, low-sulfur gas oil and black oil at a rate of up to 18 percent, not 50 percent as it is now. Most of the production will be benzene and medium distillates. It is close to major consumption centers and will be connected to pipelines And its products are within the national network of petroleum products. "