Oil decided to reduce imports by 25% and support the federal treasury

Oil decided to reduce imports by 25% and support the federal treasury



12-03-2018 03:17 PM

The Euphrates -
 
The Minister of Oil decided to reduce the import of oil derivatives by 25%, thus providing financial revenues to the federal treasury.

A statement by the ministry said that oil minister Jabbar al-Allaibi directed to reduce the import of oil derivatives by 25%, which provides financial revenues to the federal treasury, explaining that "this move comes thanks to the policy of the Ministry of sound in the proper planning of the provision of oil derivatives to citizens and ministries and government facilities and companies and factories of the private sector and others.

"The rehabilitation of a number of refineries destroyed by the terrorist gangs and the resumption of production have contributed to the addition of additional quantities of national production, as well as the addition of a number of production units to the refineries of the south and center," said Allaibi.

He pointed out that the achievement of self-sufficiency in the production of liquid gas had a significant impact in reducing the proportion of imports by covering a large part of the consumption in some facilities and compensation with liquid gas, "noting that" the operation of production units in refineries modern and Chinese and Qayara and Kirkuk had a role in increasing Production of oil derivatives.

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