83464
Iraq to Reduce Oil Products' Imports by 25 Percent
Iraq to Reduce Oil Products' Imports by 25 Percent

Iraq to Reduce Oil Products' Imports by 25 Percent

Iraq to Reduce Oil Products' Imports by 25 Percent

Iraq’s Oil Ministry on Monday said the nation would reduce its petroleum products' imports by 25%, as crude oil refineries are being rehabilitated following the destruction caused by the self-styled Islamic State terrorist group.
Iraq is also producing more oil products by processing natural gas liquids, Oil Minister Jabar al-Luaibi said in a statement, without indicating a specific timeframe for the import cuts, Reuters reported.
The ministry has announced in the past few months an increase in the capacity of Kirkuk Oil Refinery as well as plans to rehabilitate parts of the Baiji plant, which used to be Iraq’s largest petroleum processing facility. Iraq is OPEC’s second-largest oil producer after Saudi Arabia. Its refining capacity was curtailed when IS militants overran Baiji, north of Baghdad, in 2014.
Iraqi forces recaptured Baiji in 2015 but it sustained heavy damage.
The country now relies mainly on the Dora refinery in Baghdad and the southern Shuaiba plant.

Short URL : https://goo.gl/1BDBM8
  1. https://goo.gl/2yBn5n
  • https://goo.gl/Yh33oU
  • https://goo.gl/hXfcx4
  • https://goo.gl/nufWDk
  • https://goo.gl/AV6L11

You can also read ...

Investors Urge Big Oil to Tackle Climate Change
Large global investors—representing a combined $10.4 trillion...
Oil Export Not to Decline If EU Saves Nuclear Deal
Iranian Oil Minister Bijan Namdar Zanganeh said on Saturday US...
Spain Increases Iran Oil Import
The probable revival of US sanctions threatens to reduce the...
Brent Prices Anticipated to Rise Over Supply Concerns
Oil prices fell on Friday, but Brent crude marked its sixth...
With more than 300 sunny days throughout the year, Iran has huge potentials to expand solar energy infrastructure
In line with efforts to use the country's maximum potential in...
Air Conditioning to Become Key Driver of Global Electricity Demand
The growing use of air conditioners in homes and offices...
13% Growth in Gas Condensate Production
Natural gas refining complexes produced over 237 million...
Agreements With Austrian University to Boost Oil Output
Iran's Petroleum University of Technology and Austria’s...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus