The Completion Ceremony of the Basra Refinery Upgrading Project in Basra Governorate
2025/10/25
25 October 2025
The Completion Ceremony of the Basra Refinery Upgrading Project
in Basra Governorate
On 25 October 2025, Mr. Akira ENDO, Ambassador of Japan to Iraq, attended the completion ceremony of the Basra Refinery Upgrading Project in Basra Governorate. This ceremony was held by South Refineries Company, with the attendance of His Excellency Mr. Mohammed Shia' al-Sudani, Prime Minister of the Republic of Iraq, His Excellency Mr. Hayan Abdul Ghani, Deputy Prime Minister and Minister of Oil, His Excellency Mr. Asaad Al Eidani, Governor of Basra Governorate, and other partners of this project.
This project launched in 2012 as a Japanese yen loan project, comprises rehabilitation and upgrading of the Basra Refinery, and construction of the Fluid Catalytic Cracking (FCC) unit. The Government of Japan has provided a series of concessional yen loans to finance this project. The total amount is approximately US$4.8 billion, and is the largest yen loan projects among those in the Middle East.
Constructed by JGC Corporation (JGC) as the main contractor of this project, the Basra Refinery is one of the largest refineries operating in Iraq. Combining the expertise accumulated over many years by the Iraqi Ministry of Oil and SRC with cutting-edge technology from JGC, this refinery will be the first facility in Iraq to produce gasoline, diesel and other high-value-added petroleum products in accordance with international environmental standards.
Japanese yen loan projects account for the largest proportion of Japan's ODA to Iraq. In particular in Basra Governorate, Japan has successfully implemented yen loan projects in the sectors of oil, electricity and water supply to underpin the reconstruction of critical infrastructure. The Japanese yen loan projects continue to make a significant contribution not only to Iraq's nation-building and economic development, but also to improving the lives of the people of Basra Governorate.
The Completion Ceremony of the Basra Refinery Upgrading Project
in Basra Governorate
On 25 October 2025, Mr. Akira ENDO, Ambassador of Japan to Iraq, attended the completion ceremony of the Basra Refinery Upgrading Project in Basra Governorate. This ceremony was held by South Refineries Company, with the attendance of His Excellency Mr. Mohammed Shia' al-Sudani, Prime Minister of the Republic of Iraq, His Excellency Mr. Hayan Abdul Ghani, Deputy Prime Minister and Minister of Oil, His Excellency Mr. Asaad Al Eidani, Governor of Basra Governorate, and other partners of this project.
This project launched in 2012 as a Japanese yen loan project, comprises rehabilitation and upgrading of the Basra Refinery, and construction of the Fluid Catalytic Cracking (FCC) unit. The Government of Japan has provided a series of concessional yen loans to finance this project. The total amount is approximately US$4.8 billion, and is the largest yen loan projects among those in the Middle East.
Constructed by JGC Corporation (JGC) as the main contractor of this project, the Basra Refinery is one of the largest refineries operating in Iraq. Combining the expertise accumulated over many years by the Iraqi Ministry of Oil and SRC with cutting-edge technology from JGC, this refinery will be the first facility in Iraq to produce gasoline, diesel and other high-value-added petroleum products in accordance with international environmental standards.
Japanese yen loan projects account for the largest proportion of Japan's ODA to Iraq. In particular in Basra Governorate, Japan has successfully implemented yen loan projects in the sectors of oil, electricity and water supply to underpin the reconstruction of critical infrastructure. The Japanese yen loan projects continue to make a significant contribution not only to Iraq's nation-building and economic development, but also to improving the lives of the people of Basra Governorate.