Latest topics
Iraq imports fuel worth 3 trillion dinars annually
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Iraq imports fuel worth 3 trillion dinars annually
09/21/2020
Economy News _ Baghdad
The Parliamentary Oil and Energy Committee said, on Monday, that Iraq imports fuel at a value of 3 trillion dinars annually, indicating that Iraq is ready to construct petrochemical plants due to the raw materials available to it.
A member of the committee, MP Ghaleb Muhammad, said in a press interview, "Iraq is an industrial country with large natural resources and large oil and gas reserves, but the weak governments that followed Iraq after 2003 thought about how to collect money instead of the building and reconstruction process."
He added that "Iraq until now imports oil derivatives from gasoline and gas oil (kazoil), indicating that" Iraq's annual import of these derivatives amounts to 3 trillion dinars annually.
Muhammad indicated that "Iraq is prepared to establish petrochemical plants as a result of the presence of large reserves of gas in the Kurdistan Region, Diyala, Anbar and in the southern regions of the country, as well as large quantities of reserves of oil."
He pointed out that "the establishment of these factories would employ thousands of young workers, and the materials produced from these factories generate large profits, more than 10 times the money, if compared to the process of selling a cubic meter of gas or one barrel of oil."
It is noteworthy that Iraq suffers from the feet of oil refineries, which often produce less than their design capacity.
Iraq has three large refineries, which are Dora, Basra and Baiji, as well as 10 other small oil refineries spread over a number of Iraqi provinces, and Iraq still imports high-octane gasoline from neighboring countries, and it imports natural gas to run power stations operating on gas.
https://economy-news.net/content.php?id=21934
*****************
>>>TNTBS's YouTube Channel<<<
RamblerNash- GURU HUNTER
- Posts : 24269
Join date : 2015-02-19
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Sun Mar 10, 2024 5:58 am by RamblerNash
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Sun Jan 28, 2024 3:28 pm by Mission1st
» Tucker talking Canada
Wed Jan 24, 2024 6:50 pm by kenlej
» Almost to the end The goodguys are winning
Mon Jan 22, 2024 9:03 pm by kenlej
» Dinar Daily Facebook Page
Mon Jan 22, 2024 3:34 pm by Ponee
» The Fundamentals of Finance and Pimpy Live
Thu Jan 18, 2024 7:17 am by Dinarhater
» Why Won't the Iraqi Dinar Scam Die?
Wed Jan 17, 2024 5:19 pm by RamblerNash
» Frat President Charged With Stealing $267K to Buy Worthless Iraqi Dinars
Wed Jan 17, 2024 5:05 pm by RamblerNash
» Fact Check: NO Record 'Quantum Financial System' Exists Beyond Claims In Videos, Online Articles
Mon Jan 15, 2024 6:15 pm by RamblerNash