Oil Minster reveals receiving offers to establish electrical stations powered by alternative energy

Baghdad-INA

Minister of Oil, Ihsan Abdul-Jabbar, revealed on Sunday, that he had received offers to establish electricity stations powered by alternative energy from international companies, including the French Total and other major international companies, while indicating that Al-Faw refinery project will be implemented soon.

Abdul-Jabbar said in a statement to Al-Sabah official newspaper, which was followed by the Iraqi News Agency (INA), that "the referral of Al-Faw refinery project to the Chinese company (CNCEC) comes after Iraq received binding guarantees of financing from the Chinese state-owned SASAC Corporation, which is the second largest economy in the world, pointing out that the project contract included important strategic issues, such as clean energy, guarantees and transparency regarding support, technology transfer and financial regulation, with items related to the environment, employment, importing modern technologies, and training workers in specialized centers for operation, maintenance, development, and technical and engineering performance.

Abdul-Jabbar added that the project will be implemented soon in accordance with the latest technologies in refining crude oil and producing oil derivatives, plastics and petrochemical condensates, noting that the refinery will contribute to employ of 10,000 workers, engineers, and various specialties staff, as well as the export of oil derivatives to the global market.
 
He stressed that Iraq targets in its plans other investments for the leading companies in the associated and free natural gas sector, and seeks to conclude contracts for infrastructure projects to escalate energies in the production of crude oil.