March 14, 2018 / 12:00 AM
Iraq to reduce oil production by 25 percent: minister

Iraqi Ministry of Oil said the country would reduce petroleum imports by 25 percent as oil refineries are being rehabilitated following the fight against Islamic State (IS) militants.

The rehabilitation of the crude oil refineries damaged by IS attacks has helped to increase oil products in the country, Oil Minister Jabar al-Luaibi said in a statement on Monday, March 12).
The ministry has said in the past few months that the capacity of Kirkuk oil refinery has increased and that it planned to rehabilitate parts of the Baiji plant, used to be Iraq’s largest petroleum processing facility.
Iraq now relies on the Dora refinery in Baghdad and the southern Shuaiba plant after Baiji plan sustained heavy damages due to the attacks by the IS militants, NRT reported.
Oil minister said Iraq was also producing more oil products by processing natural gas liquids, Reuters reported.
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