FCC Project to End Iraq’s:
Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani Al-Sawad has announced that the launch of the Fluid Catalytic Cracking (FCC) project at the South Refineries Company (SRC) in Basra will enable Iraq to achieve self-sufficiency in petrol and other oil derivatives once it is inaugurated on Saturday.
The Minister said that when the current government took office less than three years ago, Iraq was importing petroleum products worth around $5 billion annually. Through the development of domestic refineries and an increase in refining capacity by about 450,000 barrels per day — nearly double the previous level — Iraq has now achieved self-sufficiency in diesel and kerosene, while reducing petrol imports from 12,000 cubic metres to 4,000 cubic metres per day. He added that the remaining imports will be replaced by production from the new FCC project, ending the need for imported high-octane petrol.
According to Minister Abdul Ghani, the project will produce high-octane (95+) petrol — among the best fuel grades available — representing a major step forward in Iraq’s refining capacity and energy self-reliance. He described the achievement as part of the government’s wider effort to deliver tangible benefits and essential services to the Iraqi people.
