Iraq to Decrease Fuel Imports by 25%

Iraq to Decrease Fuel Imports by 25%

The Iraqi Ministry of Oil has announced plans to decrease imports of petroleum products by 25%, Reuters has reported.

The decision was made because crude refineries are being rehabilitated after the conflict with Islamic State militants.

The country is producing extra oil products through processing natural gas liquids, said Jabar Al-Luibi, Iraqi Oil Minister. The official did not specify an exact timing for the import cuts, Oil and Gas Investor informed.

The ministry previously announced it would increase the capacity of the Kirkuk oil refinery and declared plans to rehabilitate parts of its Baiji plant in 2018. The plant used to be the country’s largest petroleum processing facility.

Iraqi regained control of Baiji in 2015. The facility was heavily damaged, making the country dependent on the Baghdad Dora refinery as well as the Shuaiba plant in the south.

Sarah Samir 3420 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

Login

Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password

Register