banking Feasibility study for the refinery project Alfrqls is completed .. The Refinery estimated cost of 2.6 billion euros

 American Company / Nexant / Nearing on the completion of the final report of the banking feasibility study for refinery Alfrqls project and therefore will go to other phases of the remainder of the project. 

Eng. Noureddine Makhlouf, Director General of the General Corporation for Oil Refining and distribution of petroleum products in Syria said that it has so far completed a number of basic and preliminary steps of Alfrqls refinery in Homs, where the company’s registration and ratification of the Partnership Agreement and the Statute of the company and include the project in the Investment Law No. / 8 / of / 2007 / in addition to the initial economic feasibility study, topographic and geotechnical and infrastructure for the refinery.

 
He explained that the remaining work includes the completion of the subsequent decades, water supply, electricity, gas and agreements to purchase crude oil and sale of products, pointing to the existence Challenges facing the project, foremost of which secure the necessary funding to cover the share of the Syrian side of the project and the value of the facilities beyond the limits of the refinery and ensure the continuity of light crude oil for the refinery on the long-term readiness and the need for water at the start of operation and to extend the pipeline to supply water for the operation and secure gas also at the start of operation by providing the pipeline to supply natural gas to produce hydrogen burning and secure a loan to finance the construction of the refinery by / 65 / percent of the construction cost, where the initial estimates at about / 2 / billion and / 600 / million euros.

Syria, Iran and Venezuela and a Malaysian-Bukhaari group signed in March / 2008 / partnership agreement for the establishment of a refinery for refining crude oil in the eastern city of Alfrqls, Homs. The project consists of financing and the establishment of an integrated refinery for refining crude oil with a total capacity / 140 / thousand barrels per day.

 
Syria Oil