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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Oil and Gas Parliament: In the middle of this year, the import of petroleum derivatives will decreas

    Rocky
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    • Post n°1

    Oil and Gas Parliament: In the middle of this year, the import of petroleum derivatives will decreas Empty Oil and Gas Parliament: In the middle of this year, the import of petroleum derivatives will decreas

    Post by Rocky Mon 26 Feb 2024, 4:28 am

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    [size=52]Oil and Gas Parliament: In the middle of this year, the import of petroleum derivatives will decrease by half[/size]

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    02-25-2024
    A member of the Parliamentary Oil and Gas Committee, Bassem Ngheimesh, confirmed on Sunday that the start of production in the Karbala and Al-Samoud (Baji) refineries will significantly reduce the import of petroleum derivatives, indicating that the middle of this year will witness a decrease in imports by half.[/size]
    [size=45]Naghimesh said, “After the opening of the Karbala refinery at full capacity and the Al-Samoud refinery, we will witness a significant decrease in the level of importing oil derivatives and saving huge amounts of money for the country.”[/size]
    [size=45]He stated that “Iraq imports 13 million liters of gasoline daily, which costs the state about five billion dollars annually, and this money, if it remains in the treasury, will contribute to reviving the Iraqi economy.”[/size]
    [size=45]Naghimesh announced, “In the second half of this year, Iraq will witness a significant decrease in the amount of oil derivatives imported by a rate of 50% or more.”[/size]
    [size=45]Earlier today, Prime Minister Muhammad Shiaa Al-Sudani said, during a workshop held in the capital, Baghdad, with the aim of supporting the national industry in Iraq, that “Iraq has reached self-sufficiency in fuel thanks to the government’s move in the refinery sector,” expecting that “Iraq will stop importing Oil derivatives during the current year and achieving a surplus that is used to operate factories.”[/size]
    [size=45]He added, “Iraq, because of the gas burned and the need for money and energy, set a timetable to stop burning gas within a period not exceeding 5 years.”[/size]
    [size=45]According to previous statements by the Ministry of Oil, government officials and specialists, Iraq aims to stop importing fuel and reach self-sufficiency in oil derivatives by the year 2025, through a plan that depends on developing and rebuilding the refining sector in the country, which deteriorated with the exposure of some refineries to terrorist attacks that affected their productivity. .[/size]
    [size=45]The country suffers from a deficit in petroleum products, as it annually imports five billion dollars, including $3.5 billion for gasoline and diesel.[/size]
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