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Jan 10 2010

Iraqi firm wins $5m oil contract

BAGHDAD: Iraq's Ibn Majid State Company is currently manufacturing a furnace for crude oil refining for the Diwaniya Refinery and giant reservoirs for the South Refineries Company ( SRC ) at a total cost of 5.838 billion Iraqi dinars (roughly $5 million), according to an industry & minerals ministry release on Sunday.

"The furnace would be set up for mobile units with a capacity of 10,000 barrels per day (bpd)," read the release as received by Aswat al-Iraq news agency.

"Technicians of Ibn Majid have finalized the furnace structure works while the State Company for Thermals Industry will embark on the furnace coating works," it added, noting this project's costs are up to 2.6 billion Iraqi dinars ($2.2 million).

The Ibn Majid firm will also manufacture and install three reservoirs with 5,000 cubic meters each for the SCR at a total cost of 3.238 billion Iraqi dinars, the statement said.

© Aswat Aliraq 2010

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