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Representative Oil: The new refineries will reduce the need for imports and save huge amounts of money
Economy 1-04-2023, 17:49
BAGHDAD -
The Parliamentary Oil, Gas and Natural Resources Committee confirmed today, Saturday, that strategic projects in the oil sector achieve three factors of great importance in Iraq, while noting that the new refineries will reduce the need for imports and save huge sums of money.
Committee member Zainab Juma al-Moussawi told the Iraqi News Agency (INA), that
"strategic projects in the black gold sector, including the Karbala refinery, will achieve three factors of great importance in Iraq." Al-Moussawi added,
"The Karbala refinery will work to cover the country's need for oil derivatives (gasoline) by 60%, as it produces 9 million liters per day, and thus the need for imports will decrease, which saves huge sums." She pointed out that
"Iraq's import bill of oil derivatives, which exceeds $3 billion annually, will be significantly reduced as a result of the entry of the Karbala refinery and the new refineries that the current government is working to open." And she continued:
"As for the third factor in the gains with the opening of the Karbala refinery, it is represented by the employment of hundreds of unemployed Iraqi citizens," stressing that
"the new refineries in Iraq will reduce the country's dependence on the global market and address the rents of the Iraqi economy."
And Prime Minister Muhammad Shia Al-Sudani affirmed, this morning, Saturday, that the government has placed at the top of its priorities work to raise the production capacity of refineries.
Al-Sudani said in a statement, followed by the Iraqi News Agency (INA):
"We have placed at the top of the government's priorities the work to raise the production capacity of the existing refineries by supporting and completing the complementary production units under construction and encouraging investment in the refining sector to establish modern refineries with advanced technical specifications,
leading to To dispense with imports and switch to the export stage to achieve the highest added value of the exported barrel.
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Economy 1-04-2023, 17:49
BAGHDAD -
The Parliamentary Oil, Gas and Natural Resources Committee confirmed today, Saturday, that strategic projects in the oil sector achieve three factors of great importance in Iraq, while noting that the new refineries will reduce the need for imports and save huge sums of money.
Committee member Zainab Juma al-Moussawi told the Iraqi News Agency (INA), that
"strategic projects in the black gold sector, including the Karbala refinery, will achieve three factors of great importance in Iraq." Al-Moussawi added,
"The Karbala refinery will work to cover the country's need for oil derivatives (gasoline) by 60%, as it produces 9 million liters per day, and thus the need for imports will decrease, which saves huge sums." She pointed out that
"Iraq's import bill of oil derivatives, which exceeds $3 billion annually, will be significantly reduced as a result of the entry of the Karbala refinery and the new refineries that the current government is working to open." And she continued:
"As for the third factor in the gains with the opening of the Karbala refinery, it is represented by the employment of hundreds of unemployed Iraqi citizens," stressing that
"the new refineries in Iraq will reduce the country's dependence on the global market and address the rents of the Iraqi economy."
And Prime Minister Muhammad Shia Al-Sudani affirmed, this morning, Saturday, that the government has placed at the top of its priorities work to raise the production capacity of refineries.
Al-Sudani said in a statement, followed by the Iraqi News Agency (INA):
"We have placed at the top of the government's priorities the work to raise the production capacity of the existing refineries by supporting and completing the complementary production units under construction and encouraging investment in the refining sector to establish modern refineries with advanced technical specifications,
leading to To dispense with imports and switch to the export stage to achieve the highest added value of the exported barrel.
[You must be registered and logged in to see this link.]
