The Prime Minister, Mr. Muhammad Shiaa Al-Sudani, sponsored the signing ceremony of the Al-Faw Refinery Investment Project, one of the major Al-Faw Port projects, between the Ministry of Oil/Southern Refineries Company and the Chinese company (CNCEC), as part of the government’s plan to increase refining capacities in Iraq and attract capital, foreign funds and the provision of petroleum products locally.
Mr. Al-Sudani stressed that the Al-Faw Integrated Refinery Project is one of the important economic projects for the country, and it supports the refining and petrochemical industries in Iraq. He urged the Chinese company to invest time to accelerate the implementation of this project. He also directed the concerned authorities to provide full support and support to the implementing company.
The capacity of the refinery is 300 thousand barrels per day, and it will be constructed in an advanced manner, taking into account international environmental standards, and with modern technology to benefit from petroleum derivatives for the purposes of local consumption and export. It will be implemented in two phases, the first of which includes refinery work, while the second phase includes the construction of a petrochemical complex with capacity 3 million tons annually, in addition to the construction of an electrical station with a capacity of 2000 megawatts. The project also includes the establishment of the FAO Academy for Refinery Technology. To train 5,000 Iraqi cadres who will manage the refinery in the future.
The project will contribute to opening wide doors for local industries that depend on these materials, which will be accompanied by an increase in job opportunities for young people and graduates, as well as the possibility of achieving social benefits for developing the areas surrounding the project, building housing units, medical services, technical training centers, as well as sports and social centres.
