Economist: Iraq has the capacity to export petroleum products by 2026.
Economist: Iraq has the capacity to export petroleum products by 2026.
10-7-2025
Al-Maalomah/Baghdad…
Economic expert Ali Al-Furaiji confirmed on Tuesday that Iraq has the necessary capabilities to export petroleum derivatives, especially gasoline and kerosene, during the coming year, provided that self-sufficiency in these derivatives is achieved during the current year.
Al-Furaiji said in a statement to Al-Maalomah Agency, “Current data indicate that the Basra and Kirkuk projects are entering stable service, which will enable Iraq to achieve self-sufficiency in gasoline in the near future.”
He added, “Iraq has been able to achieve self-sufficiency in kerosene and diesel fuel since 2024, with a real possibility of achieving an export surplus in 2026, provided that the new units continue to operate stably, especially the FCC unit, and that the hydrogen and energy supplies needed for the hydrogenation units are guaranteed.”
He pointed out that “achieving this goal requires effective management of distribution and blending operations to ensure that products comply with international specifications, in addition to strengthening financial and pricing governance to prevent a return to unjustified imports,” indicating that “success in the new refining plans requires strict technical and financial management that transforms self-sufficiency into a starting point for an export surplus after 2026.”
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