Who We are

ABOUT US

An Iraqi company established on (13-Mar-2007), to perform refining and distribution of oil products. It has a group of executed projects and some under construction projects; the following is a summary of the projects: Projects of the company: (Projects Implemented)

An Iraqi company established on (13-Mar-2007), to perform refining and distribution of oil products. It has a group of executed projects and some under construction projects; the following is a summary of the projects:
Projects of the company:  (Projects Implemented)
Shwan Factory for production of Oxidize Asphalt:
The plant was established based on the approval of Industrial Development Manager at Ministry of Industry and Minerals.
Purpose of the project: production of oxidize asphalt (Bitumen).
Location: Kirkuk
Operational capacity of the plant: 1100 Ton/day.
Feeder: Black Oil (RCR) from Kirkuk Refinery
Cost: 45,000,000 USD
Plant establishment started on 2010, the experimental operation started on October 1st 2011, and the commercial operation started on December 1st 2011.
Plant products:
Light gas oil
Heavy gas oil
Oxidize Asphalt  
Al-Barham Storage Tanks:
The storage tanks were established based on approval of Ministry of Oil
Purpose of the project: storage and distribution of oil derivatives.
Location: Kirkuk
Capacity of the storage tanks: 30,000 m3, divided on 6 storage tanks, each tank is 5,000 m3 capacities.

Oil derivatives: Benzene, kerosene, oil gas and fuel oil.              
Cost: 18,000,000 USD.
The storage tanks include a modern fuel station.
(Projects under construction)
Reformulated Benzene compound project:
Contract has been made with Ministry of Oil to establish an integrated compound to produce Benzene meets with European specifications.
Purpose of the project: produce formulated Benzene according to European specifications.
Location: Kirkuk
Operational capacity of the compound: 12,000 barrels per day.
 Feeder: Naphtha from Kirkuk Refinery, natural Gasoline from Al-Shimal Gas Company.
Phases of the project: a piece of land has been allocated for the project by 150 donum.
Completion of soil tests
Completion of the technical and economic feasibility study by UNIS Czech company.
Completion of environmental impact study      
Black Gold Company project for production of Oxidize Asphalt:
Approval has been obtained from Ministry of Mineral Resources of Kurdistan Regional Government to establish a company for production of Oxidize Asphalt.
Purpose of the project: production of Oxidize Asphalt (Bitumen)
Location: Suleimanyah, Bazyan.
Operational capacity of the project: 1500 Tons per day. 
Feeder: Black Oil (RCR) from Region’s Refineries.

Phases of the project
A piece of land with area of 74 donum has been purchased for the project
Completion of the technical and economic study of the project
Establishment of Crude Oil Refinery project
Establishment of crude oil refinery with capacity of 100,000 barrel per day at Kirkuk province; and another refinery with the same capacity at Bassra province, both projects are currently under research.

The financial system of the company:
Al-Barham Group consists of several companies and projects; each company under the organizational chart of the group has its own finance department consisting of (finance manager, accountant, auditor and cashier), all finance departments of the companies are linked with the General Finance and work is arranged according to the Standardized Iraqi Accounting System in which it performs all the accounting issues including inserts, posting, balancing, auditing, submission of monthly, quarterly and annual reports and review of the accounts at end of the financial year by a legal credited accountant who will issue final accounts of the ended year in both Arabic and English languages.
The finance department depends on (Al-Ameen) software accounting and stores in inserting the records.
The finance department shall arrange planning budget for the whole year upon getting formal approvals which will be used, provided that it shall not exceed the maximum limit, additionally all the incomes and expenses will not be paid, only upon valid approvals according to the interior rules of the company.
The finance department has its own policies and procedures according to the recognized accounting systems.
All the accounts of Al-Barham Group shall be converted from the Iraqi unified accounting system to a system matching with international standards, after they are audited by a specialized international company, and now we have contracted with PWC Company in order to audit the accounts according to the international standards.

The auditing system of the company:
The auditing system depends on a series of controls and auditing procedures which are approved by the general management of the company related to auditing on expenses, production, loans, operations, agents, financial statements, salaries, assets, procurement management, HR software and control of contracts in addition to control on restrictions on accounting standards for all the companies, auditing the financial statements in which the management and board of directors depend on it, control on execution of approved procedures and policies by the board of directors (the executive body) correctly, and submission of regular reports to administration.     

Our Projects

Projects

Our Factories

FACTORIES

Our Companies

OUR COMPANIES

Albarham company for investments

An Iraqi company established on 13/3/2007 under the law of registration of Iraqi companies No. 21 of 1997 effective rate, to practice the liquidation and distribution of oil derivatives within the private sector and owns a group of companies and projects and projects under implementation.
The following is a summary of the implemented projects :
Implemented projects :
shwan kirkuk company for oxidized asphalt production :The plant was established in 2010 according to the approval of the Directorate of Industrial Development / Ministry of Industry and Minerals.
project's goal : oxidized asphalt production.
location : kirkuk
Operational capacity of the plant: 1100 tons / day.
Nutrition: Black oil (RCR) from Kirkuk refinery.
Cost: 45 million dollars.
Products: Light gas oil, heavy gas oil, oxidized asphalt.
Al-Barham Depot: The depot was established according to the approval of the Ministry of Oil in accordance with the Law of Import and Sale of Petroleum Products No. 9 of 2006.
project's goal : storage and distribution of oil derivatives.
location : kirkuk governorate.
Storage capacity of the depot: 30000 cubic meters distributed over 6 tanks, the capacity of each tank 5000 cubic meters.
Cost: 18 million dollars.
The depot has a modern filling station.
Projects under implementation:
Hydrogenation Unit Project and Improvement of Gasoline for Improved Gasoline Production:
The Ministry of Oil has been contracted to set up an integrated petrol production unit to conform to European standards.
project's goal :Improved gasoline production conforming to European standards.
Operational capacity of the complex: 12000 barrels / day.
Nutrition: Naphtha from the refinery of Kirkuk / natural gasoline from the North Gas Company.
Project of black gold Company to produce oxidized asphalt in Sulaymaniyah:
we got the approval of the Ministry of Natural Resources in the Kurdistan region of Iraq to establish a company to produce oxidized asphalt.
project's goal : oxidized asphalt production.
location : sulaymaniyah/ bazyan.
Operational capacity of the project : 1500 tons/day.
Nutrition: Black oil from the refineries of the region.
Al - Barham plant in Diwaniyah Governorate for the production of oxidized asphalt:
The plant was established in 2010 according to the approval of the Directorate of Industrial Development / Ministry of Industry and Minerals.
project's goal : oxidized asphalt production.
location : dewaniyah
Operational capacity of the plant: 300 tons/day.
Nutrition: Black oil from southern refineries
Products: Light gas oil, heavy gas oil, oxidized asphalt.

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