South Refineries Company Nears Completion of FCC Project
Iraq's South Refineries Company (SRC) is nearing the completion of its Fluid Catalytic Cracking (FCC) project, with 98% of the work done. Deputy Prime Minister and Minister of Oil, Hayan Abdul Ghani, emphasized the importance of boosting production to achieve self-sufficiency in petroleum products during his visit to the site.
The project, set to start phased operations in August and full production in September, will have a capacity of 55,000 barrels per day, producing 4,300 cubic meters of Euro 5-compliant gasoline, 300 tons of liquefied gas, 6,000 cubic meters of hydrotreated gas oil, 4,500 tons of improved fuel oil, and 400 tons of solid sulfur per day.
(Source: Ministry of Oil)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Iraq Business
a day ago
- Iraq Business
PM Emphasises Citizen-Centric Design for New Cities
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has underscored the importance of ensuring that new residential cities meet the needs of citizens, during a site visit to the under-construction Al-Jawahiri City (pictured), west of Baghdad. The Prime Minister inspected the project, launched in December 2023, as part of his government's housing initiative. He reviewed implementation progress, met with project workers, and issued directives to overcome logistical obstacles, praising the efforts of the New Cities Authority and the Ministry of Construction for facilitating work. Al-Sudani stated that the strategy to build integrated residential cities follows detailed analysis of Iraq's housing crisis, particularly addressing the needs of middle-income citizens, with a designated portion of housing allocated for low-income groups. Key remarks by the Prime Minister included: Comprehensive services-commercial, economic, and public-will be integrated into all new cities. The housing model is designed to be simple, accessible, and affordable in terms of layout, pricing, and instalment plans. Past housing projects have faced issues in securing land and coordination across ministries regarding ownership. Ministries and local governments are instructed to prepare unified service plans for electricity, telecoms, roads, and national utility networks. Emphasis was placed on adhering to approved technical specifications and urban planning standards. The implementing company must expedite progress and adopt advanced construction technologies. Environmental requirements and green space allocations must be respected. Residential units must be designed with accessibility in mind and conform to smart city standards, in line with a modern and forward-looking vision. Al-Jawahiri City is the first of several new planned urban developments aimed at alleviating the country's long-standing housing shortage. (Source: PMO) Tags: Al-Jawahiri Residential City, Baghdad, cg, construction, featured, Housing, Infrastructure, Muhammad Shia al-Sudani, new cities, New Cities Authority, real estate, urban planning
Iraq Business
a day ago
- Iraq Business
Iraq sees Surge in Internet Penetration
By John Lee. The Iraqi Ministry of Communications has announced internet penetration reaching 82.9 percent of the population by the end of 2024, up from just 44.3 percent in 2019, according to official data from the International Telecommunication Union (ITU). Key components of the Ministry's strategy include the rapid expansion of the FTTH (Fibre to the Home) network across Baghdad and other provinces, development of digital infrastructure, and the promotion of a competitive and supportive environment among internet service providers. The Ministry reaffirmed its commitment to implementing further developmental initiatives under the Minister's supervision, with continued collaboration between the public and private sectors to reinforce Iraq's modern digital foundation. (Source: Ministry of Communications)
Iraq Business
a day ago
- Iraq Business
APIKUR Welcomes Intensified Talks to Resume Oil Exports
By John Lee. The Association of the Petroleum Industry of Kurdistan (APIKUR) has welcomed it described as renewed and intensified negotiations between the Kurdistan Regional Government (KRG) and the Government of Iraq (GoI) aimed at resuming oil exports via the Iraq-Türkiye Pipeline (ITP). The statement follows a high-level meeting held on 12th July 2025 between International Oil Companies (IOCs) operating in the Kurdistan Region - including APIKUR members - and representatives of both the KRG and GoI. During the meeting, IOCs reaffirmed their readiness to immediately resume oil exports once binding agreements are signed that ensure: Payment certainty for future exports, consistent with each company's existing, legally valid contracts; A mechanism for settling outstanding arrears, to be agreed individually with each company; Transparent and prompt payments, either in cash or via in-kind transfers of crude oil entitlements. Full statement from APIKUR: Member companies of the Association of the Petroleum Industry of Kurdistan (APIKUR) are pleased to note that the negotiations between the Kurdistan Regional Government (KRG) and the Government of Iraq (GoI) have intensified to reach agreement to resume of oil exports via the Iraq-Türkiye Pipeline (ITP), with the goal to do so in the near term. Ahead of these discussions, APIKUR member companies and representatives of other International Oil Companies (IOCs) active in the Kurdistan region of Iraq participated in a meeting on July 12, 2025 with officials from the KRG and the GoI. In this meeting, IOCs reiterated that they are prepared to immediately resume exports through the ITP once binding agreements are in place that ensure payment certainty for such exports which reflect each IOC's existing, legally valid contractual terms as well as resolution of the outstanding payment arrears to be agreed with each company. All payments to be made promptly and transparently in a manner acceptable to the IOCs and the KRG, either in cash or through the transfer of their entitlement share of oil " in kind. " " APIKUR member companies stand ready to resume exports as soon as written agreements are executed that honor our existing contracts which are governed by international law, " said Myles B. Caggins III, spokesman for the Association of the Petroleum Industry of Kurdistan. " APIKUR has always firmly held that our members' production sharing contracts must be honored in every respect and members have never participated in any meetings with any governmental body suggesting otherwise. " (Source: APIKUR) Tags: Association of the Petroleum Industry of Kurdistan (APIKUR), Ceyhan, cg, featured, Genel Energy, GKP, Gulf Keystone Petroleum, Iraq Oil Exports News, Iraq Oil Production News, Iraq-Turkey Pipeline (ITP), Iraq-Türkiye Pipeline, KRG, Kurdistan News, Ministry of Oil, oil contracts, oil revenues, Turkey, Turkiye
