Feasibility of the Naphtha Hydrogenation and Gasoline Improvement Unit Project
Assist. Prof. Ali Abdulhussein Khaleel Alfadhe,
Assist. Prof. Dr. Ali Abdulameer Flaifel, Assist. Prof. Dr. Hayder Hamood Ali
The research aims to address an economically viable project for the investor at its minimum level, and it can achieve higher feasibility if the production capacity is doubled. The project has high economic feasibility for the Iraqi government, as it reduces financial waste resulting from purchasing improved gasoline from the Iraqi market. Additionally, after comparing several scenarios and conducting a comparative analysis with the government's losses due to importing improved gasoline, and the second scenario of establishing a naphtha hydrogenation unit and improving gasoline, it is clear that the second scenario is more likely. However, it must be conditional on greater government support for the private sector. The most important recommendations included the necessity for the Iraqi government to pay attention to such a project as it reduces financial waste, by granting multiple licenses to enhance the reality of the oil industries, giving greater opportunities to investors, and easing restrictions on them, especially regarding the duration of the investment license and increasing the profit margin to achieve economic feasibility. Additionally, drafting a memorandum of understanding between the companies applying for investment and the Iraqi Ministry of Oil that allows the investor greater freedom than before in bringing in technology and increasing the production of improved gasoline.
Keywords: Feasibility Studies, Project Evaluation, Continuous Improvement, Financial waste
