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Minister of Oil: The proportion of gas investment has risen to 63 percent, and we plan to build a number of refineries
Economy Today, 22:17
Baghdad - IA
Deputy Prime Minister and Minister of Oil, Hayan Abdul Ghani, confirmed that the
proportion of gas investment has risen to 63 percent, while indicating that
the government is planning to build a number of refineries.
Abdul-Ghani said to the “Duty of Frankness” program, which is shown on Al-Iraqiya News and affiliated with the Iraqi News Agency (INA), that
“the proportion of gas investment rose to 63%,” indicating that
“the quantities of gas invested reached 1,900 million cubic feet.” He added,
"One thousand million cubic feet of gas is burned daily," stressing that
"gas burning will stop completely for the period from 2028 to 2030." He pointed out that
"Iraq will not need to import gas in the future," noting that "the Okaz field produces 60 million cubic feet of gas." He continued,
"Iraq's gas reserves are estimated at 140 trillion cubic feet," pointing out that
"gas is considered the cleanest type of energy and fuel currently." He stated,
"A refining capacity estimated at 360 thousand barrels per day was added during the life of the current government," explaining that
"Iraq consumes 28 million liters of gasoline per day." He pointed out that
"Iraq produces 21 million liters of gasoline per day," noting,
"We will achieve self-sufficiency in gasoline during the next year." He pointed out that
"gasoline is subsidized by 50 percent from the state," stressing that
"the price of gasoline in Iraq is much lower than in other countries." He explained,
"We have achieved self-sufficiency in white oil and gas oil," noting that
"for the first time in the history of Iraq we have achieved self-sufficiency in gas oil." He continued,
"Iraq produces 4 million barrels of oil per day," noting that
"Iraq exports 3 million and 400 thousand barrels of oil per day, and sometimes 3 million and 450 thousand barrels." He went on to say:
"We hope to have multiple outlets for exporting Iraqi oil abroad," pointing out that
"OPEC decisions are issued in coordination with Iraq." The minister continued,
"We are looking for other sources to deliver Iraqi oil to global markets," adding:
"We were exporting 400,000 barrels of oil per day through Turkish Ceyhan before it stopped." He stated that
"we are conducting negotiations with Turkey to resume oil exports through Ceyhan," noting that
"there is progress in negotiations between the center and the region regarding the Iraqi-Turkish oil pipeline." He pointed out that
"the Aqaba pipeline project has been on the table since 1983," stressing that
"we went towards activating the Basra Haditha pipeline all the way to the Iraqi-Turkish pipeline."
He continued,
"We plan to build a number of oil refineries in Nasiriyah, Samawah, and a number of governorates," explaining that
"the strategic pipeline project will feed the refineries with oil." He pointed out that
"there is a plan to move the Doura refinery to Jurf Al-Nasr," stressing that
"450 thousand barrels of oil per day go to local consumption."
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Economy Today, 22:17
Baghdad - IA
Deputy Prime Minister and Minister of Oil, Hayan Abdul Ghani, confirmed that the
proportion of gas investment has risen to 63 percent, while indicating that
the government is planning to build a number of refineries.
Abdul-Ghani said to the “Duty of Frankness” program, which is shown on Al-Iraqiya News and affiliated with the Iraqi News Agency (INA), that
“the proportion of gas investment rose to 63%,” indicating that
“the quantities of gas invested reached 1,900 million cubic feet.” He added,
"One thousand million cubic feet of gas is burned daily," stressing that
"gas burning will stop completely for the period from 2028 to 2030." He pointed out that
"Iraq will not need to import gas in the future," noting that "the Okaz field produces 60 million cubic feet of gas." He continued,
"Iraq's gas reserves are estimated at 140 trillion cubic feet," pointing out that
"gas is considered the cleanest type of energy and fuel currently." He stated,
"A refining capacity estimated at 360 thousand barrels per day was added during the life of the current government," explaining that
"Iraq consumes 28 million liters of gasoline per day." He pointed out that
"Iraq produces 21 million liters of gasoline per day," noting,
"We will achieve self-sufficiency in gasoline during the next year." He pointed out that
"gasoline is subsidized by 50 percent from the state," stressing that
"the price of gasoline in Iraq is much lower than in other countries." He explained,
"We have achieved self-sufficiency in white oil and gas oil," noting that
"for the first time in the history of Iraq we have achieved self-sufficiency in gas oil." He continued,
"Iraq produces 4 million barrels of oil per day," noting that
"Iraq exports 3 million and 400 thousand barrels of oil per day, and sometimes 3 million and 450 thousand barrels." He went on to say:
"We hope to have multiple outlets for exporting Iraqi oil abroad," pointing out that
"OPEC decisions are issued in coordination with Iraq." The minister continued,
"We are looking for other sources to deliver Iraqi oil to global markets," adding:
"We were exporting 400,000 barrels of oil per day through Turkish Ceyhan before it stopped." He stated that
"we are conducting negotiations with Turkey to resume oil exports through Ceyhan," noting that
"there is progress in negotiations between the center and the region regarding the Iraqi-Turkish oil pipeline." He pointed out that
"the Aqaba pipeline project has been on the table since 1983," stressing that
"we went towards activating the Basra Haditha pipeline all the way to the Iraqi-Turkish pipeline."
He continued,
"We plan to build a number of oil refineries in Nasiriyah, Samawah, and a number of governorates," explaining that
"the strategic pipeline project will feed the refineries with oil." He pointed out that
"there is a plan to move the Doura refinery to Jurf Al-Nasr," stressing that
"450 thousand barrels of oil per day go to local consumption."
[You must be registered and logged in to see this link.]
