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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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    Economist: Iraq has two important advantages that qualify it to export oil derivatives

    rocky
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    Economist: Iraq has two important advantages that qualify it to export oil derivatives Empty Economist: Iraq has two important advantages that qualify it to export oil derivatives

    Post by rocky Sun 04 Dec 2022, 6:33 am

    [size=45][size=41]Economist: Iraq has two important advantages that qualify it to export oil derivatives[/size]
    3 days ago
    1,548
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    That is, the expert in energy and oil affairs, Saleh Al-Hammash, said today, Thursday, that Iraq should be one of the countries that export oil derivatives in view of the elements it possesses, while stressing that the country needs a strategic plan in order to start exporting.
    Al-Hammash said in a press interview seen by “Takadum” that “Iraq possesses the most important elements of exporting oil derivatives, the most important of which is the raw material of petroleum. The other element is experience, given that Iraq began producing oil derivatives through the Al-Darwa refinery in 1955.”
    He continued, "The most important refineries that the government relies on now are the Baiji refinery, which has a production capacity of 350,000 barrels per day, and the Al-Darwa refinery, which reaches 200,000 barrels per day, while the Shuaiba refinery reaches 180,000 barrels per day, and the latest of which is the Karbala refinery, which reaches Its production capacity is 150,000 barrels per day.
    He added, "The number of refineries that produce oil derivatives is currently able to be exported if they are developed according to modern international specifications," noting that "Iraq now has eleven refineries with good production capacities."
    He pointed out that "Iraq's strategic location from the countries of Turkey, Egypt, Jordan and Syria can be exploited in exporting oil derivatives to these countries," pointing out that "Iraq needs a strategic plan in order to exploit the available ingredients in reaching the point of exporting oil derivatives."
    The Karbala oil refinery project, which opened a few months ago, is the last of the refineries for which the foundation stone was laid in 2014, and it is the first refinery in Iraq with environmentally friendly Euro 5 specifications, with a production capacity of 140,000 barrels per day.
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