An economist showing the possibility of exporting fuel outside Iraq


On Thursday, economic affairs expert Muhammad Al-Saadi discussed how the government may move toward selling fuel outside the nation rather than only crude oil.

“Iraq produces more than 4 million barrels of crude oil per day,” Al-Saadi told Al-Maalouma, “of which about 3,500,000 barrels are exported, while more than 700,000 barrels remain to be used internally.”

“The remaining quantities in the country can be utilized and converted into gasoline and kerosene fuel, as well as the possibility of exporting part of it abroad, provided that oil refineries are established in each governorate with the goal of achieving self-sufficiency in fuel and not resorting to importing fuel and materials involved in the process.”

And he stated that “the Parliamentary Oil Committee has made it clear in recent days that some provinces, particularly Dhi Qar, have suffered from fuel scarcity due to the delay in the arrival of fuel-added materials from the Emirates, while the possession of each province’s own refinery can end the process of importing fuel and transform Iraq from an importing country to a source of oil derivatives, bringing large revenues to the state treasury.”


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