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Iraqi cement demands to reduce the prices of black oil supplied to cement plants
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The Iraqi General Company for Cement, in the Ministry of Industry and Minerals, on Monday called on the responsible authorities to reduce the prices of black oil supplied to cement plants, which constitutes 40% of the cost of production.
The director general of the company, Engineer Hussein Mohsen al-Khafaji, said in a statement, read by "Economy News" that "raising the price of fuel oil (black oil) by the Ministry of Oil from (100 - 150) dinars per liter led to a significant increase in production costs Especially in the cement plants and the government invested in the system of burning wet, which consumes about (200) liters per tonne.
He pointed out that "this increase cost losses of 25 billion dinars to the plants of the company annually," noting that "there is a difference in fuel exchange for the system of burning wet and dry, which is twice the cost in the disbursement of fuel public sector compared to private sector."
Khafaji explained that "this increase is one of the obstacles and problems that threaten the cement industry in Iraq, which facilitates the return of cement imports after the cessation of imports since the beginning of 2016 by a decision of the Council of Ministers, which saved more than a billion and a half billion dollars to the budget of countries where it is estimated Iraq's import of cement before the decision At $ 600 million a year. "
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