• Will a Haditha refinery boost Iraq’s oil production?
  • Developing the Haditha refinery would help to boost the country’s overall oil production, the state news agency (INA) reported on Tuesday. Iraq has been planning to fully develop the Haditha refinery after liberating areas around it from the Islamic State in 2018. Our Standards: The Thomson Reuters Trust Principles.
  • How much oil does Iraq import a year?
  • In the past 18 months, Iraq has imported three oil products valued at over $7.4 billion, with $5.5 billion allocated to gasoline alone. These products are being sold at subsidized prices in the market, resulting in an annual cost to the country exceeding $14 billion.
  • Why is Iraq reopening its oil refinery?
  • Prime Minister Mohammed Shia al-Sudani said in a statement that the refinery¡¯s return to operation will enable Iraq to meet its oil derivative needs internally, saving billions of dollars annually, which he said ¡°will be invested in other services and aspects of the economy.¡±
  • Why did Iraq reopen Beiji refinery?
  • (AP Photo/Hadi Mizban, File) BAGHDAD (AP) ¡ª Iraq¡¯s prime minister announced Friday the reopening of the Beiji refinery, the country¡¯s largest, which had been shut down for a decade after being damaged in the battle against the Islamic State extremist group.
  • How much oil did Iraq import in 2023?
  • In the first half of 2023, Iraq imported three types of oil products valued at $2.26 billion, comprising kerosene worth $90.7 million, automotive oil valued at $518 million, and gasoline amounting to $1.65 billion, as per data released by SOMO. Concurrently, oil products worth $2.3 billion were exported during the same period.
  • Why are oil refineries important in Iraq?
  • An interesting aspect of oil refineries in Iraq is their capacity to refine crude oil. Gasoline, kerosene, and car engine oil are the three essential needs of Iraqis today. However, these products are not directly produced in refineries. Instead, after refining gasoline, a significant amount of crude oil, bitumen, and other products are obtained.