Iraq to Save Money Spent on Importing Oil Derivatives

According to Al SumariaTV, an Iraqi Oil Ministry Spokesman said that Iraq will save more than $5 billion by adding new refining units to the Al Dora refinery and rehabilitating the Beiji refinery.

Money that used to be spent on buying oil derivatives from neighboring countries in order to meet the needs of the local markets will be saved by using local production.

The spokesman stressed that Oil Ministry set an ambitious plan to finally put an end to importing oil derivatives from neighboring countries. Iraq is currently importing minor quantities of benzene and liquid gas in line with the needs of the Iraqi market.

(Source: Al SumariaTV )

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