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The most important productive plant in Basrah and Iraq stopped working
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Translated by IRAQdirectory.com - [11/11/2007]
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Director-General of the General Company for Petrochemical Industry in Iraq said that the compound of petrochemical plants, which is the most important productive plant of the petrochemical industries in Basrah and Iraq, stopped working completely, for professional and financial reasons.
Nassir Naim Hamad, explained on Wednesday that "the compound of petrochemical plants stopped working completely because of financial and technical problems; the most important of which are the lack in providing the plant with natural gas pressure (Nitrol Gaz), the ongoing electric cut-offs, in addition to the lack of backup materials." Hamad added that "all facilities and equipments of the plant need to be rehabilitated due to obsolescence, and this needs to financial allocations from the government if it intends to support the national economy."
Hamad pointed out that the initial speculation for the reconstruction task of the important plants in the company requires $60 million, or the equivalent of about 75 billion Iraqi dinars. He also pointed out that the employees of the company suffer from being paid fixed salaries, between 100 thousand and 300 thousand dinars, in three categories, without being covered by the salaries' grading of State employees.
The Petrochemical compound lies at Khor Al-Zubair, 40 km west of the city of Basrah. Its establishment was started in 1976 by the American company Lumax, and it started producing in 1980, stopping in the same year due to the outbreak of the Iran-Iraq war, and then it started reproducing again in 1988.
The compound consists of six plants; it produces high-density and low-density polymer granules, which is included in all plastic industries, in addition to agricultural coverings, chlorine gas, R.O water, as well as providing electric grid of 45 Megawatt, before its electrical station stopped for being old and needed for spare materials.
The rate of production of plastic granules in the nineties was 40000 tons annually, and after the collapse of the former regime, production deteriorated to no more than 10000 thousand tons annually. The number of its employees is 4685 of technicians and engineers with high expertise.
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