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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Iraq spends 920 billion to buy oil products from Iran and Kuwait

    Rocky
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    • Post n°1

    Iraq spends 920 billion to buy oil products from Iran and Kuwait Empty Iraq spends 920 billion to buy oil products from Iran and Kuwait

    Post by Rocky Sat 21 Jul 2018, 2:50 pm

    Iraq spends 920 billion to buy oil products from Iran and Kuwait
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    BAGHDAD - Oil expert Nabil al-Marsoumi said on Saturday that the money Iraq spends on buying oil products from neighboring countries is enough to build several refineries in the country that meet domestic demand, indicating that Iraq has so far spent 920 billion dinars in purchasing products.
    "Iraq is the second largest producer of oil at the level of OPEC and the fourth largest producer in the world, yet the successive governments and oil ministries failed to build a refining industry that could meet the needs of domestic demand for petroleum products, which led to the import of some Including from Iran and Kuwait in large amounts amounted to 920 billion dinars in 2018 to provide fuel for power stations and transportation.
    "If there was a national economic policy to invest surplus oil money in the construction of a group of oil refineries in a number of Iraqi provinces, which will fill the domestic needs of petroleum products without the need for import and to provide tens of thousands of job opportunities for the unemployed.
    The Ministry of Electricity, announced on Friday, the direct oil ministry of Kuwait to equip the ministry with fuel Alkasael to operate the obstruction units.
    "Under the direction of the Amir of Kuwait, Sabah Al-Ahmad Al-Jaber Al-Sabah, the Kuwaiti Ministry of Oil will start supplying the Iraqi Ministry of Electricity with the fuel of Al-Kassa'il to operate the suspended generating units and support the operating units," the ministry said in a statement.
    "A Kuwaiti barge loaded with 30,000 cubic meters of kerosene will arrive on Saturday at the ports of Basra as a first payment," it said, adding that "the other quantities will continue periodically over the next few days."
    In the same context, the National Investment Authority, during the recent donor conference in Kuwait, three oil refining projects with a capacity of 600 thousand barrels per day, the largest in the province of Basra with a capacity of 300 thousand barrels, and two in Dhi Qar and Anbar with a capacity of 150 thousand barrels each.
    Iraq's need for oil derivatives increased after the terrorist organization Da'ash seized control of the Baiji refinery in Salah ad Din province in 2014, which provided about one-third of the country's needs of 170,000 barrels per day. The refinery is still out of service because of serious damage. End 3


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