Japanese Firm Wins $4bn Iraq Project

By John Lee.

Iraq's Council of Ministers has approved a contract with Japan's JGC Corporation to build a 55,000-bpd refinery in Basra province.

According to a statement from the Ministry of Oil, the new plant will create 7,000 jobs, in addition to 70,000 during the construction phase.

The General Manager of the South Refineries Company (SRC), Hussam Wali, said construction is hoped to start early next year, and be completed within four years.

The $4-billion project will be funded by a loan from the Japan International Cooperation Agency (JICA).

(Source: Ministry of Oil)

5 Responses to Japanese Firm Wins $4bn Iraq Project

  1. Jasim Ameeri 2nd August 2020 at 05:12 #

    55,000 barrel oil refinery creating 7000 jobs?? Is this Stone Age technology?
    And 70,000 during construction??
    Something is not right!!!

  2. Ibn Al Iraq 4th August 2020 at 13:54 #

    pls pls let them work peacefully without any corruptions, hurdles and harassments!

    we do need these kind of projects ASAP. We need to appreciate these investors and welcome them in Iraq.

    We need electricity projects , solar, combined cycle, waste to energy and more

    We need to plant more trees all over Iraq NOW

    Good luck to JGC!

  3. B. Amin 11th August 2020 at 12:32 #

    Ibn Al Iraq.,, insha'Allah

  4. Wilson Gullermo 17th August 2020 at 04:24 #

    Congratulations JGC. I still take pride when I was a member in your EPC commissioning team. It was a great experience working with your world class commissioning managers and management style. Wish you more power and success in the years to come😃

  5. Ahmed Aljubouri 23rd August 2020 at 15:03 #

    JAICA is great and did support lots of good projects worldwide that lasts more than decades.

    hopefully our governments could cooperate better on development.