Economist: Achieving self-sufficiency in fuel will bring additional revenues to the state treasury
economic Last update 04/18/2022 | 9:09 am
Information / Baghdad...
The economist, Wissam Al-Tamimi, said that the trend towards relying on the local product of fuel and not importing it will introduce new returns to the state treasury, pointing out that Iraq is one of the first oil exporters in the world and can be in the same rank in terms of fuel.
Al-Tamimi told "Al-Maalouma", that "talking about achieving self-sufficiency in fuel in the next two years will increase the state's revenues by stopping subsidies for imported fuel, in addition to the possibility of exporting this fuel abroad."
He added that "Iraq can contract with other countries by providing them with oil in exchange for fuel without giving them any amounts, until the completion of the construction of refineries for oil derivatives."
And he indicated that "the establishment of oil refineries will also have a positive impact, as it will accommodate thousands of graduates, as well as supplying the governorates within which it is located with oil derivatives without the need for transportation costs between one governorate and another or importing derivatives, in addition to it may provide power stations with the necessary fuel." finished 25