Honeywell UOP Secures Contract For Kirkuk Refinery
Deal News | Feb 03, 2025 | Zawya
In a strategic move aimed at enhancing Iraq's refining capacity, Honeywell UOP has been awarded a contract to provide technology and equipment for a new refinery in Kirkuk. The refinery is a significant project for the region, with an estimated cost of $2 billion and a planned production capacity of 70,000 barrels per day. Initiated by Kurdistan-based Rania Group, the refinery is set to adhere to international standards and incorporate advanced, environmentally friendly technology. Officials, including Kirkuk Governor Rebwar Taha, have expressed support for the project, noting its potential to generate employment and decrease the region's dependency on fuel imports. This project aligns with the broader objectives of the Iraqi Oil Ministry to bolster domestic refining and eventually export surplus fuel products.
Sectors
- Oil and Gas
- Engineering and Construction
Geography
- Iraq – The new refinery is located in Kirkuk, Iraq, and is part of the country's efforts to boost its refining capacity.
- United States – Honeywell UOP, the company supplying technology and equipment, is based in the United States.
Industry
- Oil and Gas – The article discusses a major refinery project, which falls under the oil and gas industry, specifically focusing on refining operations.
- Engineering and Construction – The involvement of Honeywell UOP in supplying technology and equipment indicates significant engineering and construction activity.
Financials
- 2 billion USD – Estimated cost of the new refinery project in Kirkuk, Iraq.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Honeywell UOP | Equipment Supplier | Company | Honeywell UOP is a US-based company providing technology and equipment for the Kirkuk refinery project. |
| Rania Group | Project Developer | Company | A Kurdistan-based company responsible for developing the new refinery in Kirkuk. |
| Iraqi Oil Ministry | Regulator | Government | The government entity responsible for overseeing oil industry operations in Iraq. |
| Kirkuk Governorate | Local Government | Government | The regional authority involved in approving and supporting the refinery project. |
| Prime Minister Mohammed Al-Sudani | Approver | Government | The Prime Minister of Iraq who provided approvals for the refinery project. |
| Rebwar Taha | Kirkuk Governor | People | The governor of Kirkuk who signed the investment contract for the refinery. |
| Ali Hammadi | Investment Advisor | People | The investment advisor to the Kirkuk Governor, who provided details on the refinery project. |
| Jalal Haji Ahmed | Head of Rania Energy and Oil | People | The individual leading the development of the refinery as part of Rania Group. |
| Shafaq News Agency | Source | Company | News agency providing details and quotes about the refinery project. |
| Anoop Menon | Editor | People | Editor of the press release published by Zawya. |