🔥 “Iraq Nears Energy Independence!” | Self-Sufficiency in Oil Derivatives by 2025? 🇮🇶⚡

1 month ago 4

ARTICLE AD BOX

🔥 “Iraq Nears Energy Independence!” | Self-Sufficiency in Oil Derivatives by 2025? 🇮🇶⚡

📢 HUGE ENERGY UPDATE – Sept 11, 2025
🛢️ Iraq is on the verge of achieving self-sufficiency in oil derivatives – a game-changing milestone in its journey toward economic sovereignty and energy security.

🏗️ Key Developments in Iraq's Oil Sector:

✅ Refining capacity has risen to 1.3 million barrels/day, putting Iraq among the top Arab oil refiners
🏭 Major upgrades include:

Launch of the Karbala Refinery (140K barrels/day)
Expansion at Basra, Baiji, and Salah al-Din refineries
Planned increase to 1.65 million barrels/day soon

⛽ Gasoline Imports Dropped
📉 From 15M liters/day → now only 6M liters/day

✅ Gas self-sufficiency achieved in 2024 (expected again in 2026 despite rising demand)

💸 Financial Wins:

$4.5B/year previously spent on fuel imports
That bill is now plummeting, saving billions and easing pressure on foreign reserves

📊 5 Strategic Gains for Iraq’s Economy:

1️⃣ Reduce Imports & Save Foreign Currency
2️⃣ Boost Energy Security via diversified refining sites
3️⃣ Increase High-Value Derivatives (Gasoline, Jet Fuel, etc.)
4️⃣ Attract Global Investment & Tech Transfer
5️⃣ Strengthen Trade Balance with exportable surplus

🚧 Ongoing Challenges & Expert Insights:

🧱 Many refineries still run on outdated infrastructure
🛢️ 400–500K barrels/day still go to low-value fuel oil
📉 Under-utilization: Current production below full capacity
⚠️ Need for:

🔧 Modernization of refineries
🎓 Training Iraqi workers
🏛️ Independent Ministry for refining & petrochemicals

🧠 Experts agree: This isn’t just a temporary boom — it's a strategic leap toward economic resilience and currency stability.

🇮🇶 Prime Minister Al-Sudani Speaks:

“This expansion places Iraq among the Arab world’s most capable refining nations. It’s a path toward economic stability and sovereign energy development.”

🔗 STAY IN THE LOOP – FOLLOW FOR DAILY INSIGHTS:
📖 BLOG: dinarevaluation.blogspot.com
💬 TELEGRAM: https://t.me/DINAREVALUATION
📘 FACEBOOK: https://www.facebook.com/profile.php?id=100064023274131
🐦 TWITTER / X: https://x.com/DinaresGurus
▶️ YOUTUBE: https://www.youtube.com/@DINARREVALUATION