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Karbala refinery stops working and goes out of service
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Economy News - Baghdad
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Added 2024/10/06 - 2:33 PM
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Economy News - Baghdad
Iraq's Karbala oil refinery has been undergoing intensive maintenance, putting it out of service since September 25.
Reuters quoted a source as saying: The maintenance work is expected to continue for about a month.
The production capacity of Karbala refinery is about 150 thousand barrels per day.
Iraq aims to increase its crude oil production, and direct a large portion of this production to refineries, which it is currently working to increase their capacities, with the aim of achieving self-sufficiency in gasoline as soon as possible.
Iraq plans to raise its crude oil refining capacity to 1.14 million barrels per day, by adding new units to existing refineries.
Iraq announced the opening of the Karbala oil refinery with a production capacity of up to 150,000 barrels per day in April 2023.
In June 2024, the Iraqi Oil Ministry confirmed its full commitment to compensate for any surplus production from the beginning of 2024. This comes after secondary sources estimated that Baghdad exceeded its quota last May by about 203,000 barrels.
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Added 2024/10/06 - 2:33 PM
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