Oil Ministry Jakih contract w/company to create fourth refinery in South Refineries
Oil Ministry Jakih contract with the company to create a fourth refinery in the South Refineries
Twilight News / Oil Ministry signed on Monday a contract with the company "Techno Export" Algikip to create a fourth refinery in the South Refineries Company.
Said Undersecretary for liquidation Jafar said in a statement responded to Twilight News, that the ministry is seeking to increase the production of oil derivatives to reduce the import and the signing of this contract will be the ministry has made a new step in it.
He explained that the duration of the contract 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 the contract will add to refinery production company 70 000 barrels per day.
He explained that the establishment of a unit refining fourth is a qualitative leap in the product increase fuel locally, adding that the company Algikip is one of the international companies sober and already the ministry that dealt with earlier.
Thomas Director in the company Algikip has said he will make his company a major effort to complete the contract within the agreed time limit and the synthesis of modern technology as well as the development of the oil industry in Iraq.