Oxidized Asphalt Plant

This investment project aligns with our company’s vision to strengthen the industrial sector in Basra and develop advanced production infrastructure to meet the growing demand for construction materials, thereby supporting the province’s economy, reducing unemployment, and enhancing private sector participation in developmental projects.

1. Contract Summary

• • Contract Name: Construction of the Oxidized Asphalt Plant
  • Contract Amount: $3 million

  • Contract Duration: 25 years under the investment system

2. Project Details

• The production of oxidized asphalt represents a qualitative leap in processing crude oil residues into high-value industrial materials.
• Iraq’s economic growth and the expansion of investment activity in Basra require the establishment of advanced industrial plants with modern technologies.
• The oxidized asphalt plant project is one of the most important industrial projects meeting local market demand.
• The project helps fill the asphalt shortage relied upon by both private and government companies.
• The plant produces products that directly address the needs of the state and society.

• The plant is built on a 37,500 m² site within the Basra Industrial Zone.

3. Execution and Engineering Standards

• The project will be implemented according to the best global engineering specifications, with modern architectural designs and advanced industrial technologies.
• Contracts have been awarded to leading companies to ensure the project is executed at the highest quality levels.

• A specialized engineering team supervises the project to guarantee operational safety and execution accuracy.

4. Management and Operation

• Project management is handled by specialized engineering and technical staff in the oil industry.
• The plant operates 24 hours a day with three operational shifts.
• The plant employs 120 technical and administrative staff, in addition to 30 tank containers and 30 drivers.
• The project provides more than 150 direct and indirect job opportunities for local residents.

5. Strengths and Economic Feasibility

• The project delivers significant economic value and addresses part of the local asphalt demand.
• It strengthens private sector participation in manufacturing industries.
• Provides extensive job opportunities, contributing to reducing unemployment.
• Supports infrastructure projects by supplying high-quality essential materials.

• Represents a major step in developing oil-based industries linked to the energy sector.

6. Our Future Vision
Our company aims to expand industrial projects in Basra by establishing additional plants utilizing advanced technologies to meet local and regional market needs, ensuring sustainable economic development and enhanced production efficiency.