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AirSada wins Medevac Contract with JGC in Iraq

By John Lee.

The Turkish-based private jet charter company AirSada has won a contract to supply medical evacuation (medevac) services to Japan’s JGC Corporation in Iraq.

JGC is the main contractor for the major upgrading project at South Refineries Company’s (SRC) Basra refinery.

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 Hiroto Ogura,  Project Manager for JGC at SRC Basra.

(Source: AirSada)

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

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JGC happy with Progress at Basra Refinery

By John Lee.

Japan’s JGC Corporation has said it expects its Iraqi oil refinery project to significantly increase its sales for the fiscal year starting 1st April 2022.

Prime Minister Mustafa Al-Kadhimi laid the foundation stone for the new $4-billion Fluid Catalytic Cracking (FCC) complex at Basra Refinery in April 2021. The project will increase the refinery’s capacity by 55,000 barrels per day (bpd).

The company said that detailed design has begun, orders for major equipment are almost complete, and construction site development work is progressing smoothly.

Regarding recent sharp increases in equipment prices, it said that purchase of bulk materials will begin after detailed engineering work is started; while it will continue to
monitor the situation closely, it assumes no significant impact.

(Source: JGC)

The post JGC happy with Progress at Basra Refinery first appeared on Iraq Business News.

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Agreement Signed for Al-Faw Refinery Project

By John Lee.

The preliminary principles agreement for the Al-Faw investment refinery project has been signed in Baghdad.

The refinery will have a capacity of 300,000 barrels per day, while the petrochemical complex will be able to produce 3 million tons [per annum?].

The Minister of Oil, Ihsan Abdul-Jabbar Ismail, said that this project will enhance the role of Iraq in manufacturing and petrochemical industries and contribute to sustainable development, adding that this contract is valued at 7-8 billion dollars.

The contract was signed by the Director General of South Refineries Company (SRC) Hussam Hussein Wali,  on behalf of the Ministry of Oil, and Yu Fang Chunk, General Manager of Hualu, on behalf of the Chinese side.

Hualu Engineering & Technology is majority controlled by China National Chemical Engineering Company (CNCEC), and describes itself as “an international engineering company proficient in providing project services such as investment and financing, consulting, technology research and development, engineering design, procurement, construction management, commissioning supervision, and plant operation and maintenance.”

(Sources: Ministry of Oil, Hualu)

The post Agreement Signed for Al-Faw Refinery Project first appeared on Iraq Business News.