2024-02-23T11:52:12+00:00
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/ On Friday, the head of the Parliamentary Oil, Gas and Natural Resources Committee, Haibat al-Halbousi, considered it shameful for Iraq to import oil derivatives despite being the second largest oil exporter in OPEC.
Al-Halbousi’s remarks came in a speech he delivered during the opening ceremony of the North in Baiji, which was rehabilitated after a hiatus of more than 10 years.
Al-Halbousi said in his speech that Iraq imports oil derivatives worth $5 billion annually, and this is a disgrace to the reputation of the country, which is the second largest oil exporter after Saudi Arabia in OPEC, stressing that the Iraqi government seeks to stop this financial waste.
He added that the oil sector has suffered a lot from procrastination and mismanagement during the past years, and this is a type of corruption, stressing that developing the oil sector has a great impact on securing the country’s need for oil derivatives, and then seeking to export.