Iraqi officers are working in opposition to the clock to search out shops for big volumes of refined merchandise earlier than storage capability fills up. The Strait of Hormuz closure lower off Iraq’s major export outlet, and it must hold its refineries operational to provide home demand and supply an outlet for crude manufacturing to permit for continued output of some related fuel output (MEES, 6 March).
The issue is that refinery output of some merchandise, comparable to gas oil and naphtha, exceeds home demand and as soon as extra volumes refill storage tanks, refinery throughputs must be curtailed, limiting gasoline output. Baghdad hopes that by trucking gas oil and naphtha volumes to Syria and Jordan it will probably stop this from taking place and generate some revenues within the course of. (CONTINUED – 1182 WORDS)
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