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Economy News - Baghdad
The Ministry of Oil confirmed, on Saturday, that the materials recovered from the Baiji refinery were introduced into the production lines and the completion rates were raised, while indicating that the fat refinery in Baiji will soon be operational with international specifications.
The Director General of the Northern Refineries Company, Adnan Muhammad Hamoud, told the official news agency, “The production capacity of the Northern Refineries is 150,000 barrels per day to contribute to meeting the local need for various derivatives and products.”
He added, "The northern refineries, especially those related to the Baiji refinery, are witnessing a major reconstruction campaign that began last May and requires a great exceptional effort and extraordinary scientific capabilities, as the refinery was established by companies with high experience in the refinery sector and at a very advanced global level."
He added, "The campaign was carried out with the blessing and support of the Prime Minister and the Minister of Oil. The materials recovered are valuable materials and have high financial costs. A large part of them were cleaned, re-maintained, and brought into the production units and connected."
He pointed out that “these materials have raised completion rates and controlled time to a great extent because they are reliable, and at the same time most of them are undamaged and ready for work, and a small part of them have been maintained,” adding, “the materials have entered the production units and we are in the process of completing the fat refinery completely.” ".
He stated, “The fat refinery produces 125 thousand tons of various types of base oils annually, and it is now stopped but will be operated soon. There are plans for the development phase of the fat refinery to convert the type of oils from Group 1 to Group 2 or Group 3, which are the newest types that conform to international specifications.” ".
Added 09/23/2023 - 7:57 PM
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