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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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An economist explains how to increase imports through the establishment of refineries and the export

rocky
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An economist explains how to increase imports through the establishment of refineries and the export Empty An economist explains how to increase imports through the establishment of refineries and the export

Post by rocky Sat 01 Oct 2022, 5:12 am

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[size=52]An economist explains how to increase imports through the establishment of refineries and the export of derivatives[/size]

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[size=45]Baghdad…[/size]
[size=45]Today, Friday, economic expert Dr. Safwan Qusay explained how to work to increase Iraq's oil imports through the establishment of refineries at home and abroad, pointing out that there is a possibility to open a new window to accommodate the owners of engineering degrees and specializations in the new refineries.[/size]
[size=45]Qusay said that "there is a tendency to establish the Al-Faw refinery, which will contribute to strengthening the ability of the Ministry of Oil to meet the need for oil derivatives, as it is assumed that all refineries in the governorates will be completed because Iraq is still exporting crude oil away from the export of oil derivatives."[/size]
[size=45]He added, "If Iraq manages to open the investment window in the private sector through the establishment of refineries and the purchase of crude oil at the international price by these refineries and re-export it, it will open a new window for Iraqis, especially those with certificates and specialization in the engineering oil, petrochemical and chemical engineering sectors, as it will contribute to increasing revenues Iraq and reduce dependence on the process of importing derivatives.”[/size]
[size=45]And he indicated that “Iraq consumes 700,000 barrels of derivatives daily, and this is a large number, and there is a possibility to open an investment window to establish refineries in countries such as India, China and the European Union, as it buys crude oil and operates refineries that do not belong to Iraq, so if there is a new strategy to invest financial savings internally and externally in order for Iraq to guarantee its market share in Iraqi oil consumption.” finished 25[/size]
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