Prime Minister: We have set a ceiling not exceeding 2028 to stop gas burning by zero percent
Economy News – Baghdad
Prime Minister Mohammed Shia Al-Sudani confirmed on Thursday that the government has put practical steps to diversify the economy, while pointing to the setting of a ceiling not exceeding 2028 to stop burning gas by zero percent.
Al-Sudani said, in a statement seen by “Economy News”, that “the government has worked since the early days of its tasks to reconsider the philosophy of the Iraqi economy based on rent, and to develop practical and not endorical steps in the issue of diversifying the economy, during the opening and launch of its sovereignty for several projects in the oil sector in the Baiji district in Salah al-Din Governorate.”
He proted, “this national effort, perseverance, sincerity and dedication to work and creation of achievement that was the monopoly of foreign companies,” noting that “the value of the achievement lies in products that will cover the market’s need for Iraqi manufacturing and implementation.”
He explained that “Iraqi competencies have begun to manufacture and establish units in refineries, which is something that gives value to the product and pushes the stability of the market.”
He added, “A country that produces more than 4 million barrels per day cannot continue importing oil and gas derivatives,” pointing to “start several strategic projects implemented for the first time in the country and in the history of the oil industry. ”
He continued, “We have come a long way in solving the problems, especially in the subject of burning gas, through the contracts and agreements concluded,” stressing that “setting a ceiling not exceeding 2028 to stop the burning of gas and by zero percent in the combustion of associated gas.”
He pointed out that “continuing to promote the patches and fields of free gas,” noting that “the strategic Basra-Hadith pipeline voted by the Council of Ministers, with a capacity of more than 2 million barrels, will give flexibility in the internal transport of oil.”
He stressed the “direction to provide the largest percentage of crude oil production instead of selling it in international markets for use in oil industries for its benefit, and providing job opportunities,” noting that “the projects that were opened and reconstruction was launched today are important to achieve a shift in the oil industry.”
He pointed out that “we directed the Ministry of Oil to complete the studies of the petrochemical project and the “FCC” project in Baiji,” pointing out that “the government’s plan for Beiji to be an oil industrial city is the largest in Iraq and the region.”
He added, “We are working to adopt international standards and environmentally friendly quality,” stressing “recommendations to pay attention to workers by improving their living conditions and providing them with residential complexes, which is part of our commitment to them.”
He pointed out that “the achievements will continue in 2025 and with efforts in all sectors and governorates, and this is a promise for all our people.”
He continued, “We are working on the completion of the strategic integrated South Project, which is being implemented for the first time in the field of oil development and gas investment, and the establishment of a power plant, a refinery and a petrochemical plant in one place.”
He explained that “the opening of the third unit of the Salah al-Din refinery will enhance the production capacity of the refinery and various products, including super gasoline (high-octane) by 3.5 million liters / day, liquid gas of 650 tons / day, light gas oil with a capacity of 3.5 million liters / day, and heavy gas oil with a capacity of 4000 tons / day.”
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