Prime Minister Mohammed Shia Al-Sudani chaired, today, Sunday, the periodic meeting to follow up on the projects of the oil sector, in the presence of a number of concerned agents and advisors.
The meeting witnessed, according to a statement by the media office of the Council of Ministers, a review of the progress of work in the projects under construction, and the extent of its conformity with the pre-prepared timetables, as well as discussing financial allocations, financing, and achievement rates and comparing them with the planned rates, in addition to following up on integrated energy projects, and the most appropriate economic model for managing them, as well as discussing projects to increase production for oil fields and follow up on gas projects in the fields of Halfaya, Artawi, Al-Faiha, Diyala, Mansouriya, and Akkas.
Al-Sudani pointed out during the meeting that Iraq relies on the ministry’s strategic projects, whether in creating development or achieving economic stability, directing the need to
prepare studies that include an integrated economic vision for any project offered for investment.
Al-Sudani also stressed the importance of progress in developing existing refineries; In order to secure the full domestic consumption of petroleum products, and to achieve a proactive step represented in increasing the strategic stock of gasoline and providing it, by operating all the refinery production units for this material, stressing the continuation of the electronic payment project at fuel stations, and working to make it a success in cooperation with the Oil Products Distribution Company and Iraqi banks, through coordination with the Central Bank of Iraq.
Al-Sudani directed “to work with maximum efforts to provide the necessary fuel for power generation stations and private generators, especially with the onset of summer, and for the Ministry of Planning to complete all requirements for completing oil pipeline projects and oil derivatives storage warehouses, and work to establish new warehouses suffic
ient to accommodate the products of new projects from refineries and gas processing units.”
The meeting followed up on the operation of the fourth refining unit in the Basra refinery with a capacity of 70 thousand barrels, and the launch of the gasoline improvement unit with a capacity of 10 thousand barrels, in addition to the efforts to rebuild the northern refinery, most of whose operational units have been completed.
Al-Sudani also indicated “the importance of completing the operation of the gasoline unit and the fat refinery, during the coming months of this year after the arrival of imported materials, as well as the need to expedite the completion of projects related to refinery units (Diwaniyah and Haditha), which will contribute to providing petroleum derivatives.’
Source: National Iraqi News Agency