Iraq begins exporting engine oil to world markets

Iraq begins exporting engine oil to world markets


Iraq begins exporting engine oil to world marketsAnnounced the distribution of petroleum products company, Sunday, for its success in the export of basic motor oil to world markets after Iraq was a net importer of this article in previous years.

He said the company’s director Ali al-Moussawi said in a statement carried by the official newspaper “Sabah” that “oil produced in local refineries, particularly the refinery, one of the world class oil company succeeded recently in a contract with an international company to export nearly ten thousand tons of engine oils basis for a period of six months. ”

Moussawi said that “the company is currently negotiating with international consulting firms to introduce the company to the global market as a source basis after obtaining the approval of the Minister of Oil Jabbar Laibi and the relevant authorities in the ministry developed.”

Moussawi said, “The company now has become an exporter of this article contributes to supplement the country’s hard currency and multiple sources of income within the government’s drive to diversify exports.”