Iraq’s Ministry of Oil in cooperation with the Nationwide Funding Fee (NIC) has initiated the tendering course of for the development of three refineries as Public-Non-public Partnership (PPP) projects both on construct–operate-operate (BOO) or construct–personal–function–switch (BOOT) foundation with desire for the previous.
The three projects, in accordance with data offered on NIC’s web site, are as follows:
- 70,000 barrels per day (bpd) Al-Samawah refinery in Al-Muthanna governorate
- 100,000 bpd Al- Kut Funding refinery in Wasit governorate
- 150,000 bpd Al-Nasiriyah refinery in Al-Qadisiyah governorate
The value at which crude oil can be provided to the refinery investor can be based mostly on the worldwide costs for one barrel of crude oil delivered in port of cargo Free on Board (FOB) foundation much less eight % of the worldwide value of crude oil offered that the low cost shall not be lower than $5 and shall not exceed $10.
The venture data package deal is out there at a value of $30,000 per venture (or its Iraqi Dinars equal) from 2 April to 2 Could 2023, the NIC web site mentioned.
The cut-off date for submitting technical and business offers and required paperwork specified within the data package deal to the Ministry is 11 June 2023.
In March, the oil ministry along with NIC had introduced three PPP alternatives, comprising the 70,000 bpd Al-Qayyarah refinery in Nineveh governorate, the 150,000 bpd Maysan refinery in Maysan governorate and a 30,000 bpd Atmospheric Residue Desulphurisation venture in Basra governorate.
The launch date for data package deal for the three projects was 15 March 2023 with cut-off date of 16 April 2023.
The cut-off date for submitting technical and business offers and required paperwork is 28 Could 2023.
Zawya Projects reported final month that Iraq has invited buyers to construct seven oil refinery projects in numerous components of the nation as a part of a post-war drive to rebuild its hydrocarbon sector.
(Writing by SA Kader; Modifying by Anoop Menon)
(anoop.menon@lseg.com)
