As part of the strategic discussions, EMPIRE FUEL INDUSTRIES confirmed its interest in developing and adding new and advanced refining units to the refinery infrastructure, in accordance with the latest internationally recognized standards and specifications, ensuring high levels of operational efficiency, quality, safety, reliability, and sustainability.
This strategic direction was discussed directly with South Refineries Company (SRC), with both parties exploring a number of potential opportunities and projects aimed at improving refinery efficiency, increasing production capacity, enhancing product quality, and maximizing the economic value of available feedstocks.
EMPIRE FUEL INDUSTRIES believes that the addition of advanced refining units, together with the development and optimization of existing facilities, can provide a strong foundation for a long-term and mutually beneficial cooperation with South Refineries Company, through projects designed to generate sustainable financial and economic returns, support the technical and operational development of the refineries, and strengthen their competitiveness in the market.
The company also confirmed its readiness to work closely with South Refineries Company to develop these projects through an integrated engineering approach and, where appropriate, in cooperation with leading international technology licensors, engineering companies, equipment manufacturers, and strategic partners.
The proposed developments will be based on internationally recognized refining standards, specifications, and industry best practices, ensuring that projects are technically robust, commercially viable, and suitable for successful implementation.
EMPIRE FUEL INDUSTRIES emphasizes that its vision extends beyond the execution of individual projects. The company aims to establish a long-term development partnership with South Refineries Company, focused on creating shared value through the modernization of existing assets, the addition of new refining units, operational optimization, improved efficiency, and increased economic value from refinery products.
This approach is intended to support the continued development of South Refineries Companyand contribute to the broader advancement and modernization of Iraq’s downstream refining sector.
