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Karbala Refinery begins Trial Ops

By John Lee.

The Minister of Oil has announced the commencement of crude oil supplies to Karbala refinery for the start of its trial operation.

Ihsan Abdul-Jabbar Ismail said that the refinery has a capacity of 140,000 barrels per day (bpd) and will help partially in meeting local needs and reducing imports of refined fuel.

He also praised the efforts of all involved, including the consortium of Korean companies and all the parties who supported the project.

Regular production is due to start by the end of the year.

In 2014, a group of companies led by Hyundai Engineering & Construction won the $6.04-billion contract to build the new refinery. The joint venture, HDGSK, also involved GS Engineering & Construction, and SK Engineering & Construction.

French company Technip provided project management consultancy (PMC) services for the engineering, procurement and construction (EPC) phase.

(Source: Ministry of Oil)

The post Karbala Refinery begins Trial Ops first appeared on Iraq Business News.

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AirSada wins Medevac Contract with Hyundai in Basra

By John Lee.

The Turkish-based private jet charter company AirSada has won a second contract to supply medical evacuation (medevac) services, this time to South Korea’s Hyundai Engineering and Construction in Iraq.

The contract with AirSada, which runs to September 2025, includes air ambulance and medical treatment services.

It was signed by Mr Tolga Urcu, CEO of AirSada, and Mr Joonhwi Lee, Project Manager for Hyundai in Basra.

Earlier this year, the company won a similar contract with Japan’s JGC Corporation.

(Source: AirSada)

The post AirSada wins Medevac Contract with Hyundai in Basra first appeared on Iraq Business News.

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Hyundai wins $2.4bn Desalination Contract

By John Lee.

Hyundai Engineering & Construction has reportedly won a $2.45-billion deal to build a seawater processing facility in Iraq.

South Korean media report that the company signed a letter of intent with Basra Oil Company (BOC) on Wednesday for the 49-month project, which will be capable of supplying 5 million barrels of fresh water per day.

This will help to increase output at Iraq’s oil fields.

(Sources: Yonhap, Korea Herald)