Shafaq News / Deputy Prime Minister for Energy Affairs and Minister of Oil Haiyan Abdul Ghani confirmed on Saturday the ministry’s intention to reach self-sufficiency in oil products during the second quarter of 2024, after the completion of a number of important projects in the liquidation sector.
This came during the opening of the project to complete the fourth refining unit with a capacity of (70) thousand barrels per day at the South Refineries Company in Basra Governorate.
Abdul Ghani said in a speech during the celebration that the operation of this unit will provide large quantities of oil products, including naphtha, gas oil, kerosene, liquid gas, and others to cover a large part of the local need.
The Minister of Oil pointed out that the project was among the priorities of the government program and was completed in a record period by the national effort after the relugation of foreign companies.
For his part, the Director General of the South Refineries Company, Hossam Hussein Wali, said in a speech during the ceremony that the company fulfilled its obligations to the government and the ministry to complete the project within the planned period, stressing that the production of this unit of oil products will cover a large part of the local need, especially gas oil and kerosene, indicating that the company contributes through projects to increase refining capacity to reach the coverage of the local need and improve the quality of oil products.
While the spokesman for the Ministry of Oil, Assem Jihad, said that the opening of the fourth unit with a capacity of (70) thousand barrels per day, will contribute to raising the total refining capacity of the South Refineries Company to 280 thousand barrels per day.
He explained that the small stage will witness the opening of the Azmra unit to improve the quality of products in the refinery, in addition to proceeding with the completion of the (FFC) project, which is one of the promising projects, and represents a qualitative leap in upgrading oil products to (Euro 5).
