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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Prime Minister: We are close to securing all of the country’s needs for derivatives no later than th

    Rocky
    Rocky
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    Prime Minister: We are close to securing all of the country’s needs for derivatives no later than th Empty Prime Minister: We are close to securing all of the country’s needs for derivatives no later than th

    Post by Rocky Sat Feb 24, 2024 7:49 am

    Prime Minister: We are close to securing all of the country’s needs for derivatives no later than the middle of next year

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    Economy News - Baghdad
    Prime Minister Muhammad Shiaa Al-Sudani confirmed on Friday that he is close to securing all of the country’s needs for derivatives no later than the middle of next year.
    The Prime Minister's Media Office stated, in a statement, seen by Al-Iqtisad News, that "Prime Minister Muhammad Shiaa Al-Sudani visited the Al-Shamal Refinery in Baiji, which was rehabilitated after a hiatus that lasted more than 10 years."

    The Prime Minister pointed out that "many Iraqis were waiting for this important achievement after the destruction that befell the refinery," recalling "the martyrs and wounded who defended this land and liberated the refinery from the terrorist ISIS gangs, so that a new era would begin whose heroes were the engineers and workers of the Northern Refineries Company who... They took on the challenge of rebuilding this important vital refinery.”

    He stressed that "many doubted the return of the refinery materials that were made in cooperation with the Kurdistan Regional Government of Iraq," noting that "with this achievement, we are close to securing the country's entire needs for derivatives, no later than the middle of next year, which will save us billions of dollars that will be invested in In other service and economic aspects, by stopping the import of petroleum derivatives, we will thus achieve the goals of reform.”

    Al-Sudani stated, “This government, during its 15 months of existence, has placed the oil and gas sector at the top of its priorities, according to well-thought-out programs and plans to invest this wealth, in a way that achieves the best returns,” stressing, “continuing to prepare a plan for investment projects inside and outside Iraq, in a new policy.” We adopt it by investing oil in the petrochemical and manufacturing industries to obtain the greatest return.”

    The Prime Minister said, during a speech he delivered at the opening of the refinery, according to the statement: “We stand with reverence and respect for the martyrs and wounded who defended this land and liberated the refinery from ISIS gangs,” adding: “We visited this refinery in May 2023, to see its reality and look at the equipment.” The recovered machines came at the initiative of citizen Baran Ahmed Younis and with the cooperation of the Kurdistan Regional Government of Iraq.

    He pointed out 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: "With this achievement, we are close to securing the country's entire needs for derivatives, no later than the middle of the year." Next, the champions may surprise us before this date.”

    He stressed 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," pointing out that "the will and determination of the heroes in the Northern Refineries Company and the supporting national companies achieved this national achievement in 7 months, and it is assumed that The time limit may take 3-4 years.”

    He stressed that "Iraq does not accept the impossible, and creates solutions regardless of the difficulties, and it is the strength that we are betting on to face all challenges," noting 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 possible results." Returns.”

    He continued: "We went to projects implemented for the first time, such as investing in associated gas, and 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," adding: "We are preparing the plan for investment projects inside and outside Iraq." “In a new policy we are adopting to invest oil in the petrochemical and manufacturing industries to obtain the greatest return.”

    He continued his speech: “Our government is moving forward, with full confidence and determination, to provide service to the people in accordance with the government program, and with the support and assistance of members of the House of Representatives,” appreciating “the role of the Energy Committee in Parliament, and its Chairman, who had a major role in recovering the refinery’s materials.”

    The Prime Minister also appreciated, according to the statement, “the important role of the members of the House of Representatives from Salah al-Din Governorate for their assistance and support in reviving this refinery,” concluding by saying: “The Baiji refinery returns to be a clear witness to the will, resolve, and persistence of the Iraqi people.”



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