Iraqi Prime Minister Mohammed Shia Al-Sudani inaugurated the Al-Shamal unit of the Baiji refinery, marking a momentous occasion in the country’s economic revival. After a protracted break of more than ten years, during which the refinery undertook intensive repair work, this incident has occurred.
The refinery was taken over by terrorists in 2014, and major damage was done during the battle between them and the Iraqi security forces that finally regained it.
An important step forward for Iraq’s oil sector, which is key to the nation’s economy and the world’s energy markets, is the restoration of the Baiji refinery. It is possible that the refinery may process 150,000 barrels of crude oil per day.
The restoration of the Baiji refinery may also result in the creation of jobs, presenting chances for the neighborhood and advancing Iraq’s development goals in general.
Situated in the center of Iraq’s oil-rich area, the Baiji refinery is strategically significant for the country’s endeavors to fulfill its internal energy needs and maintain its standing as a major participant in the international oil market.
