The head of the Investment Authority in Basra, Ali Gasp, on Tuesday, the launch of commercial operation of the first investment plant to produce gas cylinders in Basra.
“The lab is for the Lebanese Middle East Investment Company and at a construction cost of more than twenty six million dollars and four acres,” Gasp said. “The production lines are American and European, with a production capacity of one million cylinders a year.”
He added that “the management of the plant signed a contract with the company to mobilize gas for the marketing and supervision of production and under the supervision of the Ministry of Oil,” explaining that “manufacturing will be for iron cylinders only and according to international standards.”
For his part, the relations official said the Lebanese investment company, Hassan Jaber, that “this process was under the supervision of the Ministry of Oil and marketing will be through the gas filling company,” pointing out that “there is a study to replace gas cylinders used in the Iraqi market all.”
Jaber pointed out that “the project needs great attention by the local government and central as the plant is the address of the foreign investor and foreign companies to restore confidence in this country dear.