Minister of Oil: Reducing the value of importing oil derivatives by two billion dollars

Oil Minister Ihsan Abdul-Jabbar
 
12/06/2021

Economy News - Baghdad

Oil Minister Ihsan Abdul-Jabbar confirmed, on Saturday, that the value of importing oil derivatives has been reduced by two billion dollars.

Abdul-Jabbar said in a statement reported by state television and seen by "Economy News", that "the reduction in the value of importing oil derivatives will amount to two billion dollars," noting that "the ministry has completed three projects in the Central Refineries Company - Dora Refinery."

He added that "these projects are the opening of a new ismeric unit that produces more quantities than the previous ones of improved high-octane gasoline, as well as the opening of a hydrogen plant that contributes to the production of light derivatives such as improved gasoline, as well as the completion of a set of tanks for light derivatives," noting that "this The projects will contribute to reducing the import of the materials they produce by more than 50%."

Abdul-Jabbar explained that "the new projects completed by the staff of the Central Refineries Company will reduce the import value by 90% by the end of 2022, in addition to providing job opportunities for young people."

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