An aerial view of Baghdad. The latest development is a sign of the new government's intent to diversify its energy sector away from crude exports. Reuters
An aerial view of Baghdad. The latest development is a sign of the new government's intent to diversify its energy sector away from crude exports. Reuters
An aerial view of Baghdad. The latest development is a sign of the new government's intent to diversify its energy sector away from crude exports. Reuters
An aerial view of Baghdad. The latest development is a sign of the new government's intent to diversify its energy sector away from crude exports. Reuters

Iraq looks to ramp up development of chemicals complex


Jennifer Gnana
  • English
  • Arabic

Iraq plans to develop a petrochemicals complex and is putting in place legal and contractual measures to help it become the biggest producer for such products in the region.

"In the last few days, the ministry has intensified meetings with the relevant authorities ... and agreed to speed up the required procedures ... finalise the contractual and legal procedures with the concerned parties before the end of this year, including Shell International...,” Iraqi oil minister Ihsan Abdul Jabbar said.

Iraq signed an agreement with Shell in 2015 to build an $11 billion (Dh40.4bn) petrochemicals complex in the southern, oil-rich province of Basra. But progress on the project has been slow.

The latest development is also a sign of the new government's intent to diversify its energy sector away from reliance on crude exports.

Iraq's move comes as national oil companies in the Middle East such as Saudi Aramco and Adnoc have increased capital spending on downstream projects – in refining and petrochemicals – as they look to earn more revenue from the sale of petrochemicals. Iraq, following the defeat of ISIS, has prioritised raising its production capacity and its oil exports, which contribute to 90 per cent of government revenue.

Opec’s second-largest producer is now gradually rebuilding its power infrastructure and refining facilities damaged during decades of conflict.

Iraq’s oil ministry also plans to nearly double refining capacity at the Baiji complex. The refining, which is currently processing of 75,000 barrels per day will be able to refine 140,000 bpd over the next few months, the oil ministry said last week. Processing capacity could reach 280,000 bpd once reconstruction is complete. The refinery had a capacity of 310,000 bpd prior to damage during its takeover by Isis in 2015.

Last year, Iraq’s electricity ministry awarded Siemens a $1.3bn contract to rebuild two power plants associated with the Baiji refining complex.

The German industrial giant, which has partnered with Iraq in its $15bn roadmap agreement to develop power projects, will rebuild the Baiji 1 and 2 power plants, which are located 250 kilometres north of Baghdad and will add 1.6GW of capacity when completed.

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Director: Jon M Chu

Starring: Constance Wu, Henry Golding, Michelle Yeon, Gemma Chan

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COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
Key products and UAE prices

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With a 5.8-inch screen, it will be an advance version of the iPhone X. It will be dual sim and comes with better battery life, a faster processor and better camera. A new gold colour will be available.
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iPhone XS Max
It is expected to be a grander version of the iPhone X with a 6.5-inch screen; an inch bigger than the screen of the iPhone 8 Plus.
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iPhone XR
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Dr Amal Khalid Alias revealed a recent case of a woman with daughters, who specifically wanted a boy.

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Out of 21 eggs collected, six were unused leaving 15 suitable for IVF.

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HAEMOGLOBIN DISORDERS EXPLAINED

Thalassaemia is part of a family of genetic conditions affecting the blood known as haemoglobin disorders.

Haemoglobin is a substance in the red blood cells that carries oxygen and a lack of it triggers anemia, leaving patients very weak, short of breath and pale.

The most severe type of the condition is typically inherited when both parents are carriers. Those patients often require regular blood transfusions - about 450 of the UAE's 2,000 thalassaemia patients - though frequent transfusions can lead to too much iron in the body and heart and liver problems.

The condition mainly affects people of Mediterranean, South Asian, South-East Asian and Middle Eastern origin. Saudi Arabia recorded 45,892 cases of carriers between 2004 and 2014.

A World Health Organisation study estimated that globally there are at least 950,000 'new carrier couples' every year and annually there are 1.33 million at-risk pregnancies.