By John Lee. The Japan International Cooperation Agency (JICA) signed a $388-million loan agreement with Iraq on Sunday, to provide Japanese ODA loan for the sixth phase of the Basrah Refinery Upgrading Project. In a statement, JICA said: "This project aims to improve the quality and productivity of petroleum products, reduce the supply-demand gap, decrease […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani has inaugurated the new Isomerization Unit at Basra Refinery. The unit has a capacity of 11,000 barrels per day (bpd) to produce premium gasoline. The project will increase the production of premium gasoline by 1,300 cubic meters per day (1.3 million liters per day), reducing imports by […]
By John Lee. The Iraqi Cabinet has endorsed a recommendation for financing the Fluid Catalytic Cracking (FCC) project, which it says is contracted by the South Refineries Company (SRC) with a Japanese company. Iraq Business News understands this to be the Basra Refinery Development Project, which is to be built by Japan's JGC Corporation. The […]
By John Lee. Iraq and Japan have signed a memorandum granting a Japanese loan for the Basra Refinery Development Project (Phase IV). The agreement was signed on Wednesday by Iraq's Minister of Finance, Taif Sami Mohammed, the Chargé d'Affaires of the Japanese Embassy in Baghdad, Masamoto Kenichi, and the Executive Director of JICA Iraq Office, […]
By John Lee. The Turkish-based private jet charter company AirSada has won a contract to supply medical evacuation (medevac) services to Japan's JGC Corporation in Iraq. JGC is the main contractor for the major upgrading project at South Refineries Company's (SRC) Basra refinery. The contract with AirSada, which runs to September 2025, includes air ambulance […]
By John Lee. Japan's JGC Corporation has said it expects its Iraqi oil refinery project to significantly increase its sales for the fiscal year starting 1st April 2022. Prime Minister Mustafa Al-Kadhimi laid the foundation stone for the new $4-billion Fluid Catalytic Cracking (FCC) complex at Basra Refinery in April 2021. The project will increase […]
By John Lee. French-based Axens -- part of the IFP Energies Nouvelles group -- has said it is pleased to continue working with JGC Corporation on the Basrah Refinery Upgrading Project. Earlier this month, Prime Minister Mustafa Al-Kadhimi laid the foundation stone for the $4bn-project. In a statement, the company said: Part of Iraq's Ministry […]
By John Lee. Prime Minister Mustafa Al-Kadhimi has laid the foundation stone for the South Refineries Company (SRC)'s new Fluid Catalytic Cracking (FCC) complex at Basrah Refinery. The project will be built by Japan's JGC Corporation, and will increase refinery capacity by 55,000 barrels per day (bpd). It will be funded by a loan from […]
By John Lee. Yesterday (Thursday), the South Refineries Company (SRC) and Iraq's Ministry of Oil (MOO) signed the contract with Japan's JGC Corporation to start construction of a new Fluid Catalytic Cracking (FCC) Complex at Basrah Refinery. The project is funded by the Japan International Cooperation Agency (JICA)'s ODA (Official Development Assistance) loan project. The […]
JGC Holdings Corporation announced today that JGC Corporation, which operates the overseas engineering, procurement, and construction (EPC) business of the JGC Group, has been received the Letter of Award for the Basrah Refinery Upgrading Project for an Iraqi oil refining company under the Iraqi Ministry of Oil. Details of the project are as follows. […]
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 […]
By John Lee. Japan has offered a loans of about 120 billion yen ($1.24 billion) to Iraq to build a new refinery and rebuild a port. Nikkei reports that Japan will initially lend 82.7 billion yen to build a refinery to extract natural gas liquids at the Rumaila oil field, while a second loan of […]
