Al-Sudani: We Are Close To Achieving Complete Self-Sufficiency In Petroleum Derivatives And Will Move To Exports
Monday, July 7, 2025 11:05 | EconomicNumber of reads: 369 Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani stressed: "Iraq is close to achieving full self-sufficiency in petroleum derivatives, and will move to exports after the completion of a number of projects."
Al-Sudani said in a speech during the inauguration, via video conference, of the operational works of the Diwaniyah refinery expansion project: "This project falls within the government's vision to reach the conversion of 40% of the produced oil to the refining and transformation industries to meet the needs of the local market and export," indicating that with the entry of a number of projects into service, Iraq is close to achieving full self-sufficiency in petroleum derivatives, and will move to exports after the completion of the refinery expansion projects in Maysan, Diwaniyah, and Najaf.
According to a statement from his media office, he praised the efforts being made on this project, noting: "Diwaniyah Governorate lacks major projects, and this project will contribute to stimulating economic activity and will provide double job
opportunities.
" He pointed out: "Refinery expansion projects will be one of the most prominent areas for enhancing the expertise of our youth and developing and investing in the oil wealth."
Al-Sudani explained: "The project, which costs $800 million, will include the addition of liquefied gas processing units with a capacity of 180 tons per day, gasoline improvement with a capacity of 10,000 barrels per day, expansion of kerosene, gas oil and fuel oil production, an 8,000 barrel per day naphtha isomerization unit, an 18,000 barrel per day naphtha hydrogenation unit, a nitrogen production plant, warehouses and storage and pumping stations, and another for electricity production."
The Prime Minister expressed his great confidence in the private sector as a partner in implementing strategic projects, in addition to his greater confidence in national capabilities to implement joint projects and achieve the highest returns from the oil wealth.
Prime Minister Mohammed Shia al-Sudani launched, today, Monday, via a video conference, the executive works of the Diwaniyah refinery expansion project by adding refining units with a capacity of 70,000 barrels/day, so that the total refining capacity of the refinery becomes 90,000 barrels/day. /End https://ninanews.com/Website/News/Details?key=1239422