Wednesday, April 21, 2010

Iraq to save money spent on importing oil derivatives

http://www.alsumaria.tv/en/Economics-News-Iraq/3-48042-Iraq-to-save-money-spent-on-importing-oil-derivatives.htmlIraq Oil Ministry Spokesman Assem Jihad said that Iraq is about to save more than $5 billion that used to be spent on buying oil derivatives from neighboring countries and oil markets in order to answer the needs of the local markets and that after adding new refining units to Al Dora refinery and after rehabilitating Beiji refinery. The spokesman stressed that Oil Ministry set an ambitious plan to finally put an end to importing oil derivatives from neighboring countries especially that Iraq is currently importing minor quantities of benzene and liquid gas in line with the needs of the Iraqi market.

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