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  • best selling micro oil refinery machine price in iraq
Will Iraq's new refinery help cut crude oil exports?

According to Argus, the fuels from the facility will help Iraq cut its refined product imports by an estimated 60%. The new refinery is not expected to affect Iraq¡¯s crude oil exports as OPEC¡¯s second-biggest producer could either raise its oil production or cut processing rates at other refineries, the source told Reuters.

When will Iraq's Karbala refinery start production?

The Karbala refinery, estimated to have cost just over $6 billion, is expected to begin commercial production of fuels in the middle of March, Iraqi Oil Minister Hayan Abdel Ghani said this weekend. The start of production will see the refinery doing test runs at 60% of capacity, according to the source who spoke to Reuters.

Which country buys Iraqi oil?

The People¡¯s Republic is the largest buyer of Iraqi crude and Chinese companies currently manage two-thirds of Iraq¡¯s oil production. Diminished interest by Western companies in Iraqi energy investment has paved the way for Chinese companies to dominate the field, S&P Global reported earlier this month.

Will Iraq's oil refinery help reduce fuel imports?

The refinery, Iraq¡¯s largest, was responsible for a third of overall oil production when it was taken by ISIS, according to reports from the time. The refinery has a current capacity of 250,000 bpd, according to Agence France-Presse. Baghdad hopes the refinery will help reduce Iraq's need for fuel imports.