Common use of Project Objective Clause in Contracts

Project Objective. This Project aims to improve the quality and productivity of petroleum products, reduce the supply-demand gap, decrease the environmental load, and transfer related technologies, by installing a new fluid catalytic cracking (FCC) Complex with relevant units at Basrah Refinery in Basrah Governorate in the southern part of Iraq, thereby contributing to economic and social reconstruction in Iraq. （２）Project Site / Target Area Basrah City in the Governorate of Basrah （３）Project Components １）Construction of FCC Complex (detailed design, procurement of facilities and equipment (processing units, utility facilities, etc.), construction works, test running, transfer of technologies, etc.) ２）Consulting Services (reviewing the detailed design, bidding assistance、 construction management support, etc.) （４）Estimated Project Cost 637,783 million Yen (Japanese ODA loan: 203,060 million Yen) （５）Schedule October/2012-August/2026 (167 months) Commencement of commercial operation is considered as the completion of the Project.(Planned in September 2025) （６）Project Implementation Structure １）Borrower: The Government of the Republic of Iraq ２）Guarantor: None

Project Objective. This Project aims to improve the quality and productivity of petroleum products, reduce the supply-demand gap, decrease the environmental load, and transfer related technologies, by installing a new fluid catalytic cracking (FCC) Complex with relevant units at Basrah Refinery in Basrah Governorate in the southern part of Iraq, thereby contributing to economic and social reconstruction in Iraq. （２）Project Site / Target Area Basrah City in the Governorate of Basrah （３）Project Components １）Construction of FCC Complex (detailed design, procurement of facilities and equipment (processing units, utility facilities, etc.), construction works, test running, transfer of technologies, etc.) ２）Consulting Services (reviewing the detailed design, bidding assistanceassistance 、 construction management support, etc.) （４）Estimated Project Cost 637,783 508,065 million Yen (Japanese ODA loan: 203,060 32,700 million Yen) （５）Schedule October/2012-August/2026 (167 months) Commencement of commercial operation is considered as the completion of the Project.(Planned in September 2025) （６）Project Implementation Structure １）Borrower: The Government of the Republic of Iraq ２）Guarantor: None

Project Objective. This Project aims to improve the quality and productivity of petroleum products, reduce the supply-demand gap, decrease the environmental load, and transfer related technologies, by installing a new fluid catalytic cracking (FCC) Complex with relevant units at Basrah Refinery in Basrah Governorate in the southern part of Iraq, thereby contributing to economic and social reconstruction in Iraq. （２）Project Site / Target Area Basrah City in the Governorate of Basrah （３）Project Components １）Construction of FCC Complex (detailed design, procurement of facilities and equipment (processing units, utility facilities, etc.), construction works, test running, transfer of technologies, etc.) ２）Consulting Services (reviewing the detailed design, bidding assistance、 construction management support, etc.) （４）Estimated Project Cost 637,783 524,796 million Yen (Japanese ODA loan: 203,060 120,000 million Yen) （５）Schedule October/2012-August/2026 (167 months) Commencement of commercial operation is considered as the completion of the Project.(Planned in September 2025) （６）Project Implementation Structure １）Borrower: The Government of the Republic of Iraq ２）Guarantor: None