Iraq’s Basrah Refinery Upgrading Project is on track for completion in 2025, the planning ministry’s spokesperson said.
Abdul-Zahra Al-Hindawi, spokesperson for the Ministry of Planning, told Zawya Projects said work on the project at Shaybah site had started in February 2021.
He said the $4 billion refinery project was among the several JICA-funded projects that figured in the discussions between Undersecretary for Technical Affairs, Maher Hammad Johan and Yoneda Gen, Chief Representative of JICA Iraq Office.
In October 2021, JICA and the Government of Iraq signed a third loan (Official Development Assistance) agreement for approximately $300 million for Basrah Refinery Upgrading Project. JICA had said in a statement that the project aims to increase the quantity and quality of oil products including gasoline, diesel and kerosene in Iraq by installing a Fluid Catalytic Cracking (FCC) Complex. The South Refineries Company had contracted with Japan Gasoline Company (JGC) in October 2020 to implement the project, the statement said.
(Writing by Majda Muhsen; Editing by Anoop Menon)