Gulf Oil and Gas accountACCOUNT

JV to Create Oil & Gas Free Zone at Khor Al-Zubair

Source: www.gulfoilandgas.com 9/22/2012, Location: Middle East

The specialized free zone will cover 11mn sqm and be located next to Iraq’s strategic oil and gas port in Khor Al-Zubair. The zone will provide a mixed-use site for manufacturing and storage and fulfil the increasing requirements of Iraq’s oil and gas sector.

The free zone will be entirely self-sufficient in terms of power generation, water, telecommunications and waste management processing and will include permanent residential accommodation and recreation facilities.

Users will be provided with long-term agreements and a fast-track process for regulatory approvals.

The Iraq General Commission of Free Zones will carry out all administrative functions and, facilitate on-site customs clearance and the provision of work permits.

BIOGH will be the developer of the project with responsibility for the construction and design, infrastructure, project financing, marketing and management of the free zone.

An economic impact assessment study for the project predicted that the BIOGH project will employ approximately 10,000 Iraqi nationals over an initial period of 12 years, with the number of employees expected to increase during the life of the project.

“The creation of the BIOGH Oil and Gas Free Zone is the most significant investment contract entered into by the Iraqi Free Zones Commission,” said the director general of the Iraq General Commission, Dr. Sabah Al-Qaisi.

“BIOGH will be the second largest oil and gas free zone in the world, and it will greatly contribute to the economy of Iraq by attracting significant foreign direct investment and modern technology.”

Development News in Iraq >>

Iran >>  7/15/2019 - The third deck of south pars phase 14 was installed in its own position successfully. ...
Nigeria >>  7/15/2019 - Eland Oil & Gas PLC, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, is pleased to announce...

Iran >>  7/9/2019 - Iran’s oil minister Bijan Namdar Zanganeh has said that the country is seeking to put an end to ambiguities surrounding China’s presence in a major in...
Egypt >>  7/8/2019 - Highlights ...

Kazakhstan >>  7/4/2019 - Total and its partners have approved the launch of Phase 3 development of the onshore Dunga field in the Mangystau Region of western Kazakhstan. Phase...
Bahrain >>  7/3/2019 - Bahrain’s National Oil and Gas Holding Company (NOGA Holding) signed a memorandum of understanding (MOU) with Baker Hughes Company on cooperation in t...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Iraq Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.