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Volume
44
Issue
3
7
The Minister added that the rehabilitation
and resumption of production from a number
of refineries that have been destroyed earlier by
terrorist groups, have contributed to injecting
additional volumes to the national economy,
in addition to adding more production units
at refineries in the central and southern parts
of the country. He added that achieving self-
sufficiency of natural gas liquids production had
a great impact on reducing import rates through
meeting a large segment of consumption by
NGL. Also, production at the Seeniya, Hadeetha,
Qayara, and Kirkuk refineries that have recently
restarted production had a role in increasing
petroleum products production.
The ministry has announced earlier plans on
mega investment projects in the refinery sector
IRAQ TO REDUCE ITS PETROLEUM
PRODUCTS IMPORTS BY 25%
including Kirkuk, Maysan, Naseriyyah, Fao, Anbar,
Ninawa and other oil refineries, to increase
production capacities of petroleum products.
The ministry also has plans on establishing
refineries outside Iraq.
In another development, HE Al Luaibi opened
thewet oil treatment unit in the 6th gas insulation
unit in West Qurna /1 field with capacity of 50
thousand barrels/ day. He said that the project
is a pride for the oil industry. It had been
completed in record time to raise and improve
the
production
from the field.
He
clarified
that this project
will
contribute
to
resuming
operations in 15
wells shut because
of water. It will
add 20 thousand
barrels to increase
the total capacity
of the plant to 160
thousand barrels/
day.
Iraqi Oil Minister HE Eng. Jabar Al Luaibi issued directives
to reduce Iraq’s petroleum products imports by 25
percent in a step to make available more revenues for
the federal treasury. He explained that the measure is
part of the ministry’s policy for strategic planning.