Self-sustainbility of oil products soon – official

BASRA / IraqiNews.com: Iraq shall achieve self-sustainability in the field of oil products soon, with the completion of four oil refineries, now under construction,” Director-General of the General Company for Southern Oil Refineries said. “Our production from oil products is presently increasing, as we have boosted the production of petrol by about two-fold, and the forthcoming few months shall witness production at a level that enables the Oil Ministry to decrease the imports of petrol by 50 percent or more, along with achieving self-satisfaction, after the completion of four refineries now under-construction,” Nasser Qassim told IraqiNews.com news agency. Qassim said that the four refineries, now under construction, “are the Nassiriya , Missan, Kirkuk and Karbala Refineries, capacity of each of whom is estimated to be 150,000 barrels per day (bpd), to cover the country’s needs and help it achieve self-satisfaction, whilst the other refineries shall be out of the local needs, part of production of which may be exported. “The Southern Refineries Company possesses projects now, including stabilization units, production capacity of each is estimated to be 70,000 bpd, producing oil products, such as gas, petrol, kerosene and gas-oil (solar), along with different lubrication products,” he said. “Iraq, after the downfall of the previous regime in 2003, had been importing gas, petrol, kerosene and gas-oil (solar). Today, it is importing petrol only,” he concluded SKH/SR 2