Baghdad – INA – Nour Al-Zaidi
Today, Friday, the Ministry of Oil announced the start of trial operation of the gasoline units in the Basra and Doura refineries, and while it indicated that there is no reduction in gasoline prices, it confirmed that its prices are subsidized and are not worth 50 percent of its production cost.
The Undersecretary for Liquidation Affairs, Hamid Younis, told the Iraqi News Agency (INA): “The Ministry is working on completing multiple projects with the aim of raising the quality of products, including the… fcc Basra Refinery,” indicating that “the completion rate reached 76%.”
He added, “The isomerization units have been completed in the Basra and Doura refineries and are now in the phase of trial operation and the introduction of the catalyst,” pointing out that “this will raise the quality of petroleum products.”
He continued, “There are other projects under implementation, which are introducing hydrogenation and improvement units for gasoline in refineries in the governorates,” explaining, “The Ministry is working to increase the capacity of small refineries and introduce hydrogenation and improvement units for gasoline.”
He stressed that “all products are subject to quality control and are analyzed within Iraqi standard specifications,” pointing out that “any party that consumes fuel and receives it from refineries can take samples of laboratory analysis and conform them to the specifications when quantities of this material are loaded.”
Regarding gasoline prices, Younis stressed that “there is no reduction in gasoline prices,” explaining, “The price of improved gasoline, for example, is 650 dinars per liter, and it is subsidized and is not equal to 30 percent of international prices or 50 percent of its production cost, since its production cost is higher.” Much more than what it is sold for.”
