Self-Sufficiency Is The Foundation Of Development.
Economic 16/11/2025 Yasser Al-Mutawalli
Self-sufficiency is a major and broad concept in the lexicon of economic theories of all kinds, whether
totalitarian,
capitalist or mixed,
because it is the basis of
development and its
sustainability.
Our country’s declaration of achieving self-sufficiency in
gasoline,
kerosene, and
gas oil is an important and significant achievement in
embodying the concept of self-sufficiency, and as a
fundamental basis for driving development elements,
given the importance of this declaration in the economic feasibility of managing one of the main economic management facilities,
as the great efforts in this field resulted in the government’s decision to stop importing petroleum products after achieving self-sufficiency in
gasoline,
gas oil (kerosene), and
kerosene.
However, there will still be a need for a reasonable review in determining the efficiency of oil refineries, with the importance of providing strategic stores and reserves of energy products to avoid problems of holidays and block the way for sometimes fabricated product crises, as well as imposing strict control over the quality of the product.
Overall, this great achievement is an indicator of the optimal investment in energy resources and their preservation from waste.
This achievement deserves praise and pride for the numerous gains it will bring in terms of savings in hard currency, as well as diversifying sources of income.
It was surprising that the oil-rich country had been importing its oil derivatives for energy since 2003, for two decades.
We have been and still are pointing out in most of our articles the importance of investing our resources
through the establishment and expansion of giant refinery projects, and finally the
new projects have been put into operation with efficient production capacity and very good quality.
Perhaps the most prominent benefit that emerges from this achievement is that
what has been achieved is beyond imagination, as
we have reduced the process of
exporting quantities of oil at low prices and
then importing its derivatives at high prices.
If we add the government support for the derivatives that were being wasted,
then you can imagine the size of the differences achieved by this accomplishment,
which will contribute to strengthening the resilience of our national economy.
This achievement comes on the eve of the end of 2025, and
we had indicated that the most prominent achievement during this year was the Iraq Vision (2025-2050).
Today, this achievement, which I mean self-sufficiency in oil products,
comes to crown the most prominent achievement as one of the most important foundations of economic construction to implement our country’s vision on the
path of sustainable development and to guarantee its future.
We believe that this great achievement is so important that
it should not go by without focusing on its great significance,
especially by the economic media, making it
a slogan and
a source of pride in our national product.
Congratulations to our Iraq and our people on this initial step and a
successful start to
progress and
economic prosperity.
https://alsabaah.iq/123564-.html
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