25-02-2014
Contract signed for Karbala refinery
The Iraq ministry of oil has signed a contract with a consortium of four Korean companies to build a Karbala refinery costing more than six billion dollars. The refinery will have a production capacity of 140 thousand barrels/day.
Present at the signing were Mr. Noori Al- Maliki - Prime Minister of Iraq, Mr. Hussain Al-Shahristani - the Deputy Prime Minister for Energy and Mr. Abdulkareem Liaybi the Minister of Oil.
Mr. Noori Al-Maliki placed the corner stone for the refinery during the ceremony and said in his speech "we were late in building the refinery, not because we wanted to be, or because of a slow down by the government or the ministry of oil, but because of circumstances that facing the country including the previous Baath regime's policies of sabotage. He also said that oil production will increase continuously until Iraq becomes the first or second oil producer which will result in increased revenue which will be used for significant projects like that of the Karbala refinery.
The Korean Ambassador to Iraq Mr Kim S. Myong said that the Iraqi choice of Korean companies is the result of strong relations between the two countries despite of the geographic distance. He noted that the amount of business between Iraq & Korea had increased rapidly in recent years and now amounted to about about 12 billion Dollars.
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
MOL inaugurates its polyol complex in Tiszaújváros
MOL's EUR 1.3 billion polyol complex in Tiszaújváros, boasting a capacity of around 200,000 tonnes of polyol per year, has been inaugurated. The ceremony, addressed ...
15-05-2024
-
NEXTCHEM completes the acquisition of GasConTec
Further to the announcement made on 4 March 2024, MAIRE announces that NEXTCHEM has finalized the acquisition of 100% of GasConTec GmbH, an innovative company specialized ...
15-05-2024
-
KBR awarded digital solutions contract by OCI
KBR announced today it has been awarded a contract by OCI Global to design and deploy its proprietary operator training simulator for OCI's 3,000 metric tonnes ...
13-05-2024
-
Worley awarded Bayou Bend CCS carbon capture and storage facility contract
We’ve been selected to design and evaluate CO2 gathering, handling and sequestration facilities located along the Gulf Coast in Southeast Texas. Bayou Bend ...
13-05-2024
-
Black & Veatch delivers feasibility study for Andes Energy LNG Terminal
Global liquefied natural gas (LNG) infrastructure solutions leader Black & Veatch has completed a feasibility study for the planned Andes Energy Terminal, LNG regasification ...
09-05-2024
-
Shell to sell interest in Singapore Energy and Chemicals Park to CAPGC
Shell Singapore Pte Ltd, a subsidiary of Shell plc, has reached an agreement to sell its Energy and Chemicals Park in Singapore to CAPGC Pte. Ltd., a joint venture company ...
08-05-2024
-
Integrated Global Services recognized for role in mega turnaround
Integrated Global Services has been recognized as a major contributor to the successful Ras Tanura Refinery 2024 Mega Turnaround and Inspection for Saudi Arabian Energy ...
08-05-2024
-
Ebara Elliott Energy to provide compressor for SAF project in Thailand
Ebara Elliott Energy, formerly Elliott Group, announces it has been contracted to provide a motor-driven recycle compressor with a variable frequency drive (VFD) for ...
07-05-2024
-
ETH Zurich select hte to provide high throughput test system designed for CO2 electroreduction
hte – the high throughput experimentation company was awarded a contract by the technical university ETH Zurich to provide a high throughput test system designed for ...
07-05-2024