Economist reveals a defect in the work of Iraqi oil refineries: they lack modern technology

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[size=52]Economist reveals a defect in the work of Iraqi oil refineries: they lack modern technology[/size]

[size=45]Economic researcher, Diaa Al-Mohsen, revealed the reasons behind Iraq’s reliance on importing gasoline from other countries, despite being one of the largest producers of crude oil in the world.[/size]
[size=45]Al-Mohsen explained that this reliance is mainly due to the lack of advanced technology used by Iraqi refineries producing petroleum derivatives in other countries.[/size]
[size=45]Speaking to Al-Mada, Al-Mohsen pointed to the huge number of vehicles driving on the streets of the capital, Baghdad, and the rest of the Iraqi provinces, which exceeds ten million cars. He said: “With each vehicle consuming no less than 20 liters of gasoline per day, the General Company for Oil Products needs to provide no less than 200 million liters of gasoline per day, and this is something that this company cannot secure.”[/size]
[size=45]Al-Mohsen explained that the refineries operating in Iraq are unable to secure sufficient quantities of gasoline needed by the local market. In addition, he explained that the quality of fuel produced in Iraqi refineries is not compatible with the Iraqi climate and the quality of modern cars, which forces the company to import large quantities of fuel to meet the needs of the local market. He pointed out that home generators consume this type of fuel, which has led to the emergence of the black market trade in gasoline in the form of small containers not exceeding 2 liters.[/size]
[size=45]Al-Mohsen stressed that there is a difference in the quality of the local product compared to the imported one, as the imported one is of higher quality. He explained that this is because foreign companies producing oil derivatives rely on advanced technology that Iraq lacks.[/size]
[size=45]He stressed that involving major foreign companies in the production of oil derivatives in Iraq may be a necessary step to improve the quality of local production in the future.[/size]
[size=45]Although Iraq is one of the largest producers of crude oil in the world, with a production exceeding 4 million barrels per day, it suffers from a deficit in the provision of petroleum derivatives.[/size]
[size=45]This deficit drains about $5 billion of the country's resources annually to meet the needs of the local market through imports, of which $3.5 billion is allocated to importing gasoline and diesel only.[/size]
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