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Belgian company implemented a new refining unit
10/20/2015 0:00
BAGHDAD - Tariq al-Araji
signed the Oil Ministry signed a contract with the company "Techno Export" Algikip to create a refining fourth in the South Refineries Company.
The Under-Secretary for liquidation Engineer Jafar: that the ministry is seeking to increase the production of oil derivatives to reduce the import and the signing of this contract is the ministry achieved step New in Zlk.waodh that the contract period with the company "Techno Export" Algikip extend for two years starting from the activation of the financial dependence of the company.
For his part, South Refineries Company director Mahmoud Abdel Amir said that the contract will add to refinery production 70 companies thousand barrels per day, explaining that Create a refining fourth is a qualitative leap in fuel product increased locally.
He noted that the company Algikip is one of the international companies sober and already the ministry that dealt with earlier.
For his part, Thomas Director in the company Algikip stressed that his company will make great efforts to complete the contract within the ceiling the agreed time and attributes of modern technology, as well as the oil industry development in Iraq.
On the other hand, the oil ministry revealed its debt to the Ministry of Electricity of up to five billion dollars as a result of the import of the Ministry of Oil by SOMO for fuel and handed over to the Ministry of Electricity to run its units generating.
said An official source at the Ministry of Electricity for "morning": that this amount is "significant", hence the ministry approached the General Secretariat of the Council of Ministers and the Ministry of Electricity to secure these funds for the implementation of electrical projects.
In the meantime, the Department contracts and petroleum licenses confirmed the start of production from the well Fayha ( 1) within the area of exploration No. 9 in the province of Basra. The Director General of the Department Abdul Mahdi al-Amidi said in a statement the "morning" received a copy of it: that the production process that began in a well Fayha (1) by five thousand barrels per day, it is hoped that production levels rise in the well for more than twenty thousand barrels per day in the near future.
Seeks Ministry to increase energy production and export of crude oil is reflected positively on the fiscal revenue realized.
The coalition includes two Kuwait Energy and Drakoun Oil won the rehabilitation of the patch ninth expedition, and were adjustments in the rehabilitation was held on last September 30, as the Egyptian Petroleum Corporation 10 percent bought from Kuwait Energy Company share.
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