Iraq Reopened Key Oil Refinery After Decade Of Closure
Date
2/23/2024 8:09:00 PM
(MENAFN- Nam News Network)
BAGHDAD, Feb 24 (NNN-NINA) – Iraq yesterday, reopened the North refinery unit, in the country's largest refinery complex of Baiji Refinery, also known as al-Sumoud Refinery, in Salahudin province, after ten years of closure.
Iraqi Prime Minister, Mohammed Shia' al-Sudani, said, during the inauguration ceremony that, Iraq is getting closer to the target of meeting its oil derivatives needs, by mid-next year, which would enable Iraq to end its imports of derivatives and save billions of dollars that would benefit Iraq in other economic aspects, according to a statement by his media office.
The North Refinery has a refining capacity of 150,000 barrels per day, which will bring the total capacity of the Baiji refining complex to 290,000 barrels per day.
Baiji Refinery complex is located near the town of Baiji, some 200 km north of Baghdad. The complex includes three refinery units: Salahudin 1, Salahudin 2, and North Refinery.
The refinery complex was destroyed after witnessing heavy fighting, when the Daesh militants seized large parts of Salahudin province in 2014. The Iraqi government forces liberated the refinery and surrounding areas in Apr, 2015.– NNN-NINA
MENAFN23022024000200011047ID1107892866
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.