The Ministry of Oil presents the FAO Refinery for Export Investment for the second time


The Ministry of Oil announced its offer to the FAO refinery for the second time, the province of Basra with a capacity of 300,000 barrels per day expandable with the addition of petrochemical complex.
A statement by the ministry said that the implementation of the “refinery is in BOT and BOO according to the investment law in refineries No. 64 of 20077 and its amendments.
The products of the refinery are environmentally friendly according to the international standards EURO 5. Under the Investment Law No. 13 of 2006, the investor is covered by tax exemptions.
“According to the second amendment to the Investment Law No. 64 of 2007, the discount rate on the price of crude oil is on the ship is 8% but not less than (5) dollars and not more than (10) dollars from the world price.”
According to the statement that “the information bag for the refinery was prepared by the Department of Studies and Planning and follow-up and the price of the bag (30) thousand dollars (non-refundable) and the paragraphs contained in the bag to be the sources and specifications of crude oil The sources and specifications of water to be processed for the refinery and environmental determinants And a map showing the location of the refinery.
The statement added that the date for the closure of the sale of information bags for the refinery was extended to the end of official working hours on Tuesday 1/8/2017 instead of Sunday, 16/7/2017. The deadline for receipt of documents submitted by companies wishing to invest in the refinery above the end of the official working day on Sunday 1 October 2017.

Leave A Reply