Iraq Contracts With An American Company To Develop Oil Refineries
Economy | 04:16 - 06/17/2024 Baghdad - Mawazine News The Ministry of Oil clarified on Monday the details of the memorandum of understanding signed with the American company Honeywell to develop refineries.
Deputy Minister of Oil for Refining Affairs, Hamid Al-Zobaie, said in a statement received by Mawazine News, “There is a memorandum of understanding signed by the Minister of Oil under the auspices of the Prime Minister with Honeywell, which is one of the large specialized companies with extensive work in all activities,” noting. To "conduct a workshop with the company regarding refinery activity."
Al-Zobaie explained, “The memorandum that was signed aims to develop projects for developing refineries and to meet what was directed by the Prime Minister regarding the refinery capacity reaching 40 percent of the production capacity of crude oil,” noting that “raising the refinery capacity to 40 percent will add value to the crude oil produced and lead to To raise financial returns and thus support the national economy.”
He pointed out that "7 projects were discussed regarding refineries, with a capacity of 70 thousand barrels for each project, in the governorates of Maysan, Dhi Qar, Muthanna, and Najaf Al-Ashraf, in addition to the third unit in the Al-Dawra, Haditha, and Qayyarah refineries."
He pointed out that "the Ministry's plan was presented and discussed extensively with Honeywell during the workshop held, and it is hoped that a complete vision will be presented by the company regarding the process of developing the refineries with the proposed capabilities during the next two weeks."
He added, "Honeywell is known for its technical and technological expertise and capabilities, and it is important for gaining and transferring expertise to national cadres and developing facilities," stressing that "after completing the preparation of the projects, the implementation mechanism and time periods for their completion will be determined."
He noted that "the Prime Minister paid great attention to the refinery sector through development and raising the capabilities of refineries due to its great economic importance," noting that "great achievements have occurred in the refinery sector during the past short period, represented by the completion of the fourth unit in the South Refinery, which added 70,000 barrels of refining capacity, in addition to...
About the Al-Azmra unit in the same southern refineries, which will be opened very soon, as it added about 1,200 cubic meters of high-octane gasoline, as well as the completion of the Al-Azmra unit in the Doura refinery and the rehabilitation of the North refinery in record time, which added refining capacity of up to 150,000 barrels.
He continued, "During the next few days, the CCR unit in the North Refinery will enter service and will add approximately 3,000,000 liters of high-octane gasoline. The Izmora unit in the North Refinery has also been operated," stressing that "all of these projects were completed in a very short period of time."
He continued, "The upcoming projects, which will enter service soon, will be a contributing factor in raising refining capacities and filling the local consumer need for some products, including the FCC unit in the southern refineries, as it is hoped to be completed in the first half of next year, as it will add gasoline production.
" High octane capacity of 4,000 cubic meters to 4,000,000 cubic liters, and we also have projects for refining capacity additions in Haditha refinery, during the current quarter of this year, adding 20,000 barrels.”
He pointed out, "The Prime Minister directed the Ministry of Oil to prepare a study that includes establishing a pipeline network adjacent to the development road that meets all the future strategic plans of the Ministry of Oil from the fields to the transportation process, in order to facilitate the process of transporting crude oil and gas between the north and the south, as well as export ports."