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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


    Rising prices of oil derivatives in Kurdistan.. reasons and goals

    Rocky
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    Rising prices of oil derivatives in Kurdistan.. reasons and goals Empty Rising prices of oil derivatives in Kurdistan.. reasons and goals

    Post by Rocky Fri 27 Sep 2024, 6:46 am

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    [size=52]Rising prices of oil derivatives in Kurdistan.. reasons and goals[/size]
    • Today 09:45




    Information/Baghdad...
    15 Iraqi governorates deal with unified fuel prices at both government and private filling stations, due to their connection to the federal Ministry of Oil and the executive authority, which in turn determines fuel prices according to quality and purity. There is regular fuel at a price of 450 dinars per liter, improved at 850 dinars per liter, and super at a thousand dinars per liter. Despite the high price of the latter category, oil product distribution companies have justified this, as they confirmed that this gasoline product is imported in hard currency and at a price of 1400 dinars per liter, but government support has reduced it to a thousand dinars.
    The aforementioned prices were not applied in the Kurdistan Region for reasons related to the policies of the ruling parties there, the nature of dealing with oil companies, and the absence of support for the fuel produced, in addition to the fact that the price changes according to demand and times of occasions and holidays, as the prices of regular gasoline reached 825 dinars per liter, improved 1025 per liter, and super 1175 per liter, which sparked popular discontent before it was political, due to the ruling parties in the region.
    Ghaleb Mohammed, a former member of the parliamentary oil committee, explained to Al-Maalouma, "The Iraqi government has been very negligent regarding oil derivatives, as Kurdistan is not treated like the rest of the provinces, which has caused fuel prices to rise in the region. The ruling parties in the region, such as the Union and the Democratic Party, have thrown the ball into the government's court and held it responsible for not obtaining the oil produced in the region, which prompts these parties to sell derivatives in order to pay the dues of the companies operating in Kurdistan. There are question marks about the federal government's failure to deal with the oil companies in the region in order to obtain derivatives and distribute them to stations as is the case in all provinces. Consequently, the citizen in the region suffers great damage due to the rise in prices, especially fuel." 
    On the other hand, oil expert Bahjat Ahmed says, “There are 4 refineries in the region that have an isomerization unit, from which the naphtha material that goes into the gasoline industry is converted, and it determines its quality, while the other refineries do not have an isomerization unit, so traders buy the naphtha material from the refineries and mix it with the improved materials that they import from Iran, and according to the amount of mixing, regular, improved and super gasoline is produced, so there is a great poor quality of fuel in the region, which greatly affects cars and causes malfunctions and technical problems, especially for modern cars, in addition to the fact that the price of fuel in Kurdistan is high due to the failure to send the region’s share by the federal Ministry of Oil, as the ministry used to send more than two million liters of gasoline daily.”
    On April 23, the Council of Ministers decided to raise the price of car fuel by about 30 percent for improved gasoline, and by 25 percent for premium gasoline, and to keep the price of regular gasoline without an increase, effective from May 1, with the price of improved gasoline becoming 850 dinars per liter instead of 650 dinars, and 1,250 dinars for premium instead of 1,000 dinars.
    On the other hand, the mayor of Erbil, Nabaz Abdul Hamid, said that the reason for the recent increase in gasoline prices is due to the increase in demand for it. In addition to hundreds of thousands of vehicles in Erbil, there are thousands more that enter the province daily from Iraqi cities for various purposes. This can be considered one of the reasons for the increase in gasoline prices. There is another reason, which is that the federal government used to send quantities of gasoline to the cities of the region from time to time, but it stopped doing so. He pointed out that “Erbil, including the independent administration of Soran, needs between two and a half million and three million liters of gasoline daily, and the distributed quantity is low compared to the quantity of demand.” End 25N
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