Economic expert: Iraq possesses derivatives capable of significantly boosting the budget.
Economic expert: Iraq possesses derivatives capable of significantly boosting the budget.
10-31-2025
Information/Baghdad…
Economic researcher Diaa Abdul Karim found that Iraq’s existing oil derivatives are capable of generating substantial revenue for the budget, potentially exceeding oil export revenues.
Abdul Karim told Al-Maalouma, “Many projects in the oil sector have achieved self-sufficiency in derivatives, particularly regular and premium gasoline. This opens the door for exporting these derivatives.”
He added, “The prices of derivatives exceed the price of a barrel of oil, and it is possible to achieve very significant revenues, surpassing oil revenues, by exporting various types of derivatives such as gasoline, diesel, naphtha, and different types of gas.” He explained
that “Iraq’s oil reserves necessitate the government’s focus on opening more refineries in various governorates to ensure refining operations and achieve self-sufficiency without the need to transport derivatives from one governorate to another. The surplus can then be exported to bolster the budget with revenues exceeding those generated from oil exports.”
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