Iraqi government officially halts fuel imports and decides to divert surplus for export

Iraqi government officially halts fuel imports and decides to divert surplus for export

Iraqi government officially halts fuel imports and decides to divert surplus for exportThe Iraqi government decided on Tuesday to stop importing gasoline, gas oil (kerosene), and white oil because local production of these fuels has reached quantities that exceed local consumption rates.

This came in accordance with an official letter issued by the Prime Minister’s office to the Iraqi Ministry of Oil, in order to achieve self-sufficiency in the production of those types of fuel.

According to the letter signed by Ihsan Al-Awadi, Director of the Prime Minister’s Office, dated November 4, Prime Minister Mohammed Shia Al-Sudani directed that the import of these oil products be stopped, and that the distribution agent and the Oil Products Distribution Company control domestic consumption and transfer the surplus for export.

On October 25, Prime Minister Mohammed Shia al-Sudani announced that his government had developed a plan to save the state treasury approximately $10 billion by halting imports of gasoline and oil derivatives after achieving self-sufficiency in their production within Iraq.

Shafaq.com

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