On January 19, China Power Construction announced that PowerChina International and Misan International Refining and Chemical Company signed an EPC general contracting contract for the Iraq Misan Refinery Project, with a contract amount of about US$880 million, equivalent to about RMB 5.605 billion.
Located in Musana, Misan Province, Iraq, the main content of the project includes the design, procurement and construction of 10 major process units, public works, storage and transportation works and related auxiliary systems in the factory area. The total duration of the project is 54 months.
In the Iraqi market, dating back to 2017, China Power Construction signed the first refining and chemical project - the Samawa Oil Refinery in Iraq and the Sukhna Oil Refinery in Egypt, successfully entering the oil and gas field and making major breakthroughs in the petrochemical field. Subsequently, China Power Construction worked deeply in this field and signed a number of contracts one after another. This time, the 5.6 billion Iraqi Misan Refinery Project is won, which shows the recognition of the Iraqi market for the strength of China Power Construction in the refining and chemical project!
China Power Construction Group International Engineering Co., Ltd., which won the bid this time, is the international business headquarters and core enterprise of China Power Construction Group Co., Ltd., the world's largest, strongest and most extensive brand influence in the industry. With power business as the core of development, Power Construction International adheres to the "dual-energy drive" of engineering contracting and investment and development, and focuses on the development of four major business sectors: hydropower and water affairs, thermal power and power grid, transportation engineering and new energy.
China Power Construction's operations in Iraq
Iraq has proven oil reserves second only to Saudi Arabia, ranking second in the world, with natural gas reserves of about 3.6 trillion cubic meters, ranking 12th in the world. Since the end of the Iraq War in 2003, with the help of the international community, Iraq has been in the process of post-war reconstruction and restoration of economic development efforts, with great opportunities and great promise in the engineering market!
China Power Construction aims at the Iraqi market, and the group is actively developing! From October 10 to 13, 2021, Ji Xiaoyong, general manager of the overseas business department of China Power Construction Co., Ltd., secretary of the party committee and chairman of the board of directors of Power Construction International Company, went to Iraq to conduct research and guidance work, and carried out a series of high-level exchange business activities.
On the afternoon of September 10, Ji Xiaoyong and his party visited Ali Taki, director general of the Iraqi Civil Aviation Administration, and the two sides had in-depth communication and discussion on the promotion of key projects.
On the morning of September 12, Ji Xiaoyong visited Jian Fangning, chargé d'affaires ad interim of the Chinese Embassy in Iraq, and Xu Chun, commercial counselor. Jian Fangning fully affirmed the business performance of China Power Construction in Iraq and said that he would continue to support China Power Construction in developing business in Iraq and promoting key projects.
On the afternoon of September 13, Ji Xiaoyong visited Iraqi Deputy Prime Minister and Oil Minister Ihsan Abdul Abdul Abdul. Vice Premier Ihsan expressed his appreciation for the execution and professional ability of China Power Construction, and said that he would vigorously support Power Construction to participate in the construction of energy projects in Iraq, further deepen cooperation with China Power Construction in the energy field, and promote mutual benefit and common development between the two sides.
At present, Power Construction International has 6 regional headquarters, and Iraq is an important business country of China Power Construction in the Middle East and North Africa region. The country's oil and gas, infrastructure, and electricity (including traditional and new energy sources) have always been hot construction areas. As the "bellwether" in the field of electric power, the "main force" of infrastructure business, and the "vanguard" of oil and gas field, China Power Construction has also received beautiful answers for many years of deep cultivation of the Iraqi market!
Although the market prospects are good, there are still various factors of instability in Iraq. For example, social stability issues, economic issues, social security issues, etc., are all things that Chinese-funded enterprises need to face. It is hoped that While Chinese-funded enterprises are exploring the market in Iraq, they must also be vigilant against risks.
The beginning of the year is red! China Power Construction International Overseas 4 consecutive orders
From the beginning of 2022, China Power Construction International has spread good news:
In Colombia: On January 11, local time, China Power Construction signed an EPC framework contract for photovoltaic projects with Ecopetrol S.A. The signing of the project marks another breakthrough in the bidding market of China Power Construction in Colombian new energy spot exchange, and consolidates the leading position of China Power Construction in the Colombian new energy market. The main construction content of the project includes the exploration and design, equipment supply, construction, installation, operation and maintenance of the photovoltaic power plant project planned by Colombian Petroleum Company in the next three years. Since entering the Colombian market, China Power Construction has signed a total of 550MW of photovoltaic projects.
In Peru: On January 13, local time, China Power Construction and the owner of the Peruvian Social Security Bureau officially signed a contract for the hospital project in the Cajamarca region of Peru. The project is the 10th hospital project signed by China Power Construction in Peru, and after the completion of the project, it will further improve the medical and health service system in the Cajamarca region, effectively alleviate the problem of low medical service caused by the lack of existing hospital infrastructure, and substantially benefit about 260,000 people in the region.
In Chile: On January 14, local time, China Power Construction signed an EPC contract with Chilean Eurus Company for the first project of a series of distributed power plants, Chile Blu Solar 5.4MW photovoltaic power plants. The main construction content includes a photovoltaic field area and a transmission line to connect to the existing local 15kV substation. The project is the first breakthrough of China Power Construction in the Chilean distributed energy (PMGD) market, which will further lay the foundation for China Power Construction to explore the Chilean new energy market and deepen the localization of China Power Construction brand.
In Iraq: China Power Construction International signed an EPC EPC EPC contract with Misan International Refining and Chemical Company in Iraq, with a contract amount of about US$880 million, equivalent to about RMB 5.605 billion.
2021 China Power Construction International Overseas Record
Under the severe international situation, Power Construction International has resisted the heavy pressure, stabilized its operating performance, and consolidated its global power hegemony! Good progress has also been made in the integrated development of "water, energy and city".
(1) Strengthen the "water". New progress has been made in the desalination business in the Middle East; the mining business has grown rapidly.
(2) Do excellent "can". Advance layout and breakthrough of green hydrogen industry; expand the INES platform to 25; consolidate onshore wind power and large-scale photovoltaic business, focusing on asia-Pacific and Eurasian offshore wind power。
(3) Do fine "city". Developed and won the bid for a number of social housing, hospital, school infrastructure projects; started the construction of the broken railway in Central and Eastern Europe, and won the bid for the Serbian subway related bids.
Overseas business is not easy to carry out, praise for every Chinese-funded enterprise that gets a single order overseas!