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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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    Al-Sudani: Iraq, with its production of more than 4 million barrels per day of oil, still imports it

    Rocky
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    Al-Sudani: Iraq, with its production of more than 4 million barrels per day of oil, still imports it Empty Al-Sudani: Iraq, with its production of more than 4 million barrels per day of oil, still imports it

    Post by Rocky Fri 23 Feb 2024, 6:33 am

    Al-Sudani: Iraq, with its production of more than 4 million barrels per day of oil, still imports its derivatives



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    2024-02-23 05:22
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    Shafaq News/ On Friday, Prime Minister Muhammad Shiaa Al-Sudani criticized the policy of importing oil derivatives for decades despite Iraq’s production of more than four million barrels of crude per day, stressing the progress to achieve the goal of self-sufficiency in oil derivatives in a maximum period of the middle of next year.
    This came in a speech he delivered during the opening ceremony of the Al-Shamal Refinery in Baiji, which was rehabilitated after a stoppage that lasted more than 10 years.
    Al-Sudani said in his speech: We visited this refinery in May 2023, to see its reality and to find out the recovered equipment and machines, which came at the initiative of the citizen, Mr. Baran Ahmed Younis, and with the cooperation of the Kurdistan Regional Government of Iraq.
    He added that Iraq, with its production of more than 4 million barrels per day, is still importing oil derivatives, a policy that has been in place for decades, adding that: With this achievement, we are close to securing the country’s entire needs for derivatives, no later than the middle of next year, and it has The heroes surprise us before this date.
    Al-Sudani also indicated that billions of dollars will be saved and allocated to other service and economic aspects by stopping the import of oil derivatives, and this is the real reform.
    He stressed that the government has placed the oil and gas sector at the top of its priorities, according to well-studied programs and plans that highlight the importance of investing this wealth in a way that achieves the best returns.
    The Prime Minister went on to say: We went to projects implemented for the first time, such as investing in associated gas, noting that today international companies are working, and the national effort is in more than one site and field, to end gas burning within a time frame of 3-5 years.
    Al-Sudani continued to say: We are preparing the plan for investment projects inside and outside Iraq in a new policy that we are adopting to invest oil in the petrochemical and manufacturing industries. To get the greatest return.
    The Baiji refinery is considered the largest in Iraq, with an estimated production capacity of processing 310,000 barrels per day. ISIS occupied the refinery in May 2014 after taking control of Baiji district.
    After the liberation of Baiji district from the grip of ISIS in 2015, the refinery suffered the loss of equipment and machinery, as armed factions that participated in the military operations against the organization, which lasted for nearly a full year, were accused of stealing them and selling them later.
    Prime Minister Muhammad Shiaa Al-Sudani announced the recovery of stolen equipment and devices from the Baiji refinery.
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