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Oil: Gasoline production exceeded 15 million liters per day DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Oil: Gasoline production exceeded 15 million liters per day

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Oil: Gasoline production exceeded 15 million liters per day Empty Oil: Gasoline production exceeded 15 million liters per day

Post by claud39 on Wed Sep 25, 2019 6:58 am

Oil: Gasoline production exceeded 15 million liters per day


25/09/2019





Oil: Gasoline production exceeded 15 million liters per day 3467




Economy News - Baghdad



The Ministry of Oil revealed on Wednesday that the production of gasoline exceeded 15 million liters per day, up by 4 million liters per day from last year.

The Undersecretary of the Ministry of Oil for refineries Hamid Al-Zobaie said in a statement reported by the official newspaper "morning" and seen by "Economy News", "The ministry continues its plans to maximize the production of oil derivatives, especially gasoline through the development of a number of refineries and the addition of new units for most of them, as well as re "Rehabilitating a number of others, especially the Al-Samoud refinery (Baiji), which provided nearly 50 percent of the country's oil derivatives before being destroyed by ISIS criminal gangs."

He added that "technical and engineering staff has been able to self-rehabilitate and record for this refinery, which now produces approximately one million and 300 thousand liters of gasoline and 380 tons of liquid gas, in addition to producing nearly three million liters of gas oil." "These quantities produced are part of the second phase of the rehabilitation operations."

Al-Zobaie said that the staff have now started the third phase of the rehabilitation of Salahuddin 2 refinery within the steadfastness of refineries to maximize the production of oil derivatives and increase, where it is planned to add the units of Izmra and improve gasoline to this refinery so that the production of gasoline to 4 million liters per day, which contributes to maximize the current production by Two million seven hundred thousand liters per day.

The Undersecretary of the Ministry of Oil that "local refineries currently produce 15 million and five hundred thousand liters per day of gasoline, an increase from last year estimated at four and a half million liters, and the ministry seeks to enhance the volume of production of other derivatives."

He pointed out that "the need of Iraq from gasoline at peak times is estimated at 26 million barrels per day and the ministry deliberately to fill the shortfall in the current stage through import, and therefore, the ministry seeks to eliminate this problem according to the need and population growth through the preparation of a plan to develop all Refineries, in addition to building new refineries by investing in a number of provinces. "





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Oil: Gasoline production exceeded 15 million liters per day Empty Oil announces the final statistics of exports and revenues achieved for the month of August

Post by claud39 on Wed Sep 25, 2019 7:00 am

Oil announces the final statistics of exports and revenues achieved for the month of August




25/09/2019





Oil: Gasoline production exceeded 15 million liters per day 4431





Economy News - Baghdad

The Ministry of Oil announced on Wednesday the total oil exports and revenues achieved for the month of August, according to the final statistics issued by the Iraqi Oil Marketing Company (SOMO).

The ministry said in a statement seen by Al-Eqtisad News, that the amount of exports of crude oil (111) million and (706) thousand and (135) barrels (one hundred and eleven million and seven hundred and six thousand and one hundred and thirty-five barrels), with revenues amounted to (6) (Billion and (412) million and (705) thousand dollars) six billion and four hundred and twelve million and seven hundred and five thousand dollars. "

For his part, the spokesman of the ministry Asim Jihad that "the total exported quantities of crude oil for the month of August from the oil fields in central and southern Iraq amounted to (107) million and (520) thousand and (44) barrels, with revenues of (6) billion and (203) million and (172) thousand dollars, while the exported quantities of Kirkuk oil through the port of Ceyhan (3) million and (253) thousand and (665) barrels, with revenues amounting to (178) million and (723) thousand and (758) ) Dollars.





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Oil: Gasoline production exceeded 15 million liters per day Empty SOMO: India and China most buy Iraqi oil in August

Post by claud39 on Wed Sep 25, 2019 7:02 am

 SOMO: India and China most buy Iraqi oil in August


25/09/2019



Oil: Gasoline production exceeded 15 million liters per day 17297


Economy News _ Baghdad

Iraqi oil marketing company "Somo", Wednesday, that the Indian and Chinese oil companies were the most buying Iraqi oil during the month of August.

SOMO said in an official statistics published on its official website and seen by the economy news, that "Indian companies were the most among the other international companies to buy Iraqi oil and by 8 out of 39 companies bought oil during the month of August."

Sumo added that "the Chinese companies came in second place by 7 companies, followed by US companies by 4 companies and South Korean 3 companies," noting that "the rest were distributed to British, Italian, Egyptian, Turkish, Spanish, Russian, Greek, Japanese, Malaysian, Brazilian and Jordanian."

SOMO pointed out that it "depends in the sale of Iraqi oil on the main criteria for contracting with international oil companies large and medium independent and government vertically integrated," adding that "the most prominent international companies that buy Iraqi oil are Italian company ENI, British BP, China Gain Oil and Oxon. "Mobil and the Russian company KazProm".

The Ministry of Oil has set the end of 2018 marketing mechanisms for 2019, which was adopted on the basis of the importance of each market in terms of the volume of demand and the return earned per barrel.





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