14/10/2011 12:33
Basra, October 14 / October (Rn) - The firm Chevron Phillips Chemical America today, Friday, on the Basra Investment Commission project to invest in gas associated to the process of extracting oil worth $ 6 billion. The company's vice president for business development Elijah Andalich told the Kurdish news agency (Rn) "The project aims to invest the gas associated with oil extraction by building facilities Petrokmaawih in the first phase of the project." "The expansion plan includes the company's entry into southern Iraq as a center of oil and gas investments, in addition to the presence of major international oil companies such as Shell and ABB. " He added that "through the oil companies located intend to create partnerships to develop the sector Alaptrokmaaúa after we get the raw materials required." He pointed out that "the company conducted a field survey included the oil facilities and Alaptrokmaúah in Basra for the purpose of access to the reality of work in preparation for the launch of our advanced technologies compatible with the environment preservation, after obtaining a legal cover and license investment. " He noted that "the project will provide thousands of jobs for local labor as well as train and develop their abilities, taking into account the proportion of 75% to employ Iraqis." For its part, announced that Basra Investment Commission its willingness to support the project through regulatory approvals and save space ground required. " The head of the behind-Badran told (Rn) that "the whole expressed its readiness to support and establish the project as well as to inform the representatives of the company field on the amount of land put up for this sector is close to the oil and gas facilities and ports of Basra." He "The whole will strive to make this offer to the ground as will employ a huge number of local employment as well as the transfer of technology and modern expertise to the province, as well as the investment of gas associated with oil extraction, which provides electrical energy meet the needs of Basra." He added that "after the entry of companies foreign oil and licensing rounds became the province needs to global companies is providing logistical support, starting to fill the market need local access to the stage of export. " He called Badran to "a final agreement with the marketing company points the Iraqi SOMO as the only party that provides project materials required for the oil facilities, which allow the investment of oil and gas, or through a partnership agreement with major oil companies invested in order to get to the raw materials to complete the work of the establishment of its facility petrochemical. " stressing the readiness of the Commission on the project was awarded an investment license, which would give legal cover for the project and other features Kalaafaouat tax on imported goods him and safeguards, in addition to government support for obtaining visas for the cadres, professional and provide the necessary protection. " owns Chevron Phillips Chemical American investments similar in more than 80 countries in the world and in the Middle East, especially Saudi Arabia and Qatar. From: Baha al-Kazimi, the Open: Peace Baghdadi
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