White derivatives

by **Rocky** Wed 28 Aug 2024, 4:49 am

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White derivatives

by Rocky Wed 28 Aug 2024, 4:49 am

White derivatives

Economic 08/28/2024
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Walid Khalid Al-Zaidi

Since the oil sector is the main artery of the Iraqi economy, any growth in it will cast a shadow on the development of national development plans that the government aims to implement and the people seek, especially in light of the accumulation of current global crises in several areas, including energy, food, and lack of services. Given the deterioration and backwardness of the infrastructure of this sector in Iraq due to its neglect in the last two decades of the last century and what happened to it due to successive wars and the tendency to improvise in managing the exploitation of this wealth and not dealing positively with foreign investment in it, its efficiency has decreased and its developmental role has weakened, especially in the field of oil industries, which necessitated the necessity of reconsidering it and including it in developing and promising plans and through multiple licensing rounds for oil and gas fields, which is what the current government, represented by the Ministry of Oil, has implemented.
The purpose that the government has currently adopted from the oil sector development projects based on investing all elements of national wealth leads to building an integrated Iraqi economy by increasing resources and building real capital, whether human or material, to ultimately lead to creating a multi-use production such as extracting oil derivatives to develop the rest of the economic sectors and sufficient to compensate society for losses and the loss of opportunities for progress during previous periods that caused the disruption of the ability to achieve comprehensive economic and social plans in the country, which made the ministry currently seek to reach the stage of completing promising projects after announcing the near completion of the project to produce what is called (white derivatives) by converting black oil and other waste into secondary materials refined in a technical and scientific manner with an achievement rate of (85%), which is hoped to see the light soon and increase the production of fuel in the south refineries to one million and (300) thousand barrels per day and work to improve the quality of gasoline with high quality and efficiency, which confirms the remarkable development of the refining field during the present time, which is positively reflected in the provision of oil derivatives for local consumption in a sustainable manner.
In light of the government’s efforts to achieve self-sufficiency in petroleum derivatives and its efforts on the basis of which it implemented multiple technical programs, the stage of achieving self-sufficiency in the national product and reducing the import of petroleum derivatives from abroad before the middle of next year (2025) has become almost certain, as a set of technical procedures have been determined, including entering into stages of the petroleum industry and using advanced equipment and technologies by benefiting from advanced technology in this field and considering this a large part of the world of the economy and an important tributary in strengthening financial resources and developing important industries and promising means to expand the frameworks of serving citizens in the field of energy and fuel for daily uses.
The technical measures that the Ministry of Oil seeks to implement embody the optimistic view of those in charge of the national economy of what could establish major plans in this field, the purpose of which is to increase the benefits expected from investing in the oil sector and producing other highly developed and growing industries, especially after the increase in fuel production from the southern refineries in remarkable quantities, indicating that the oil sector and refining projects are witnessing great development at the present time, which could be positively reflected in the availability of petroleum derivatives for various purposes.
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White derivatives

White derivatives

White derivatives

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