Karbala refinery will start producing high-octane gasoline in early July

Economy
  • 22-06-2023, 20:05
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    Baghdad-INA 

    Oil Products Distribution Company affiliated with the Ministry of Oil confirmed today, Thursday, that the Karbala refinery will start producing high-octane gasoline early next July and will contribute to reducing two-thirds of the country's imports, while it indicated the government's plan to reduce the need for imports by completing refinery projects in center and south and provide sufficient storage.

    The general manager of the company, Hussein Talib, told the Iraqi News Agency (INA): "The existing storage is reassuring and the country is not witnessing any fuel scarcity, and the national refineries have stepped up their production capacities, and the Karbala refinery has entered work to provide oil derivatives within the national refineries plan, and we have a plan in the ministry to complete what Our refineries remain, whether in the south, center or north, and other units will enter service.

    Talib added, "All of this is reassuring about the path of depleting hard currency to import oil derivatives, and the state now subsidizes oil derivatives to a large extent. Gasoline, which is sold at a price of 450 dinars, costs around (960-1000) dinars per liter, and we were able to fill the local need for oil." Gas, and we only import five million liters per day during the summer, to fill the deficit in the electric power plants.”.