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Iraq is seeking to increase oil refineries

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Shredd

Shredd
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Iraq is seeking to increase oil refineries

02/14/2012 | (Voice of Iraq)

BAGHDAD - Naseer Goldfinch - Dar Al-Hayat has accused the Commission on oil and energy parliamentary Iraqi Oil Ministry deliberately dominate the joints of the oil sector.

The Committee emphasized that this method in the management of the oil sector is the main reason for the import of the ministry 50 million liters of petroleum a day, to cover the need of the Iraqi market.

Iraq produces 2.6 million barrels of crude oil per day, only two million barrels and repeats 400 thousand locally, and is used 70 thousand barrels as fuel to generate electricity.

It also imports between 150 200 thousand barrels per day of refined fuel used in power generation and transport sector and household consumption. and said a member of the Commission on oil and energy parliamentary Odai Awad told «life», that Iraq's budget incur large sums annually due to the government's need to import oil derivatives to fill a large deficit, as deliberately continue to dominate the oil sector and refrain from the application of the laws adopted to solve the problem of oil derivatives.

Iraq has oil reserves of 143 billion barrels and 200 billion barrels of potential reserves. The reliable reserve of gas equivalent of 15 billion barrels of oil, gas reserves but is not used optimally. Previously, the Iraqi Council of Representatives passed a law number 64 of 2007, which grants the right to invest in the activity of refining crude oil and to give licenses to the private sector to establish refineries in the country.

He said Awad, the need for the Ministry of Electricity only from derivatives for the operation of power plants heat more than 7 million liters per day of material oil, gas, and oil ministry pledged to secure the 4 million liters per day, but failed even to provide two million liters per day. The Director-General of the refineries Iraq Ahmed Chandler to the problems that affect on the size of the actual production, such as bottlenecks in the refineries and the difficulty of securing crude oil and disposal of its product.

He explained that the need for faculty to Iraq of gasoline up to 20 million liters per day, provides 60 percent of it locally and imports the rest, while the production of kerosene is 20 million liters per day, and import 4 million liters each day. Iraq imports from neighboring countries, particularly Iran , he needs the remainder of the gas. , it said the official spokesman for the Iraqi Oil Ministry, Asim Jihad said Iraq will reach self-sufficiency in petroleum products by the year 2014, and having completed the establishment of refineries in the Kirkuk and Baiji, Karbala, Najaf, Muthanna and Dhi Qar. He explained that these projects are carried out in accordance with the law and include the specifications and conditions, any party can not be overcome.

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parothead

parothead
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Great article Shredd! These guys are not dumb as they seem!

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