Iraq plans to reduce petroleum imports by 25 % as damage to crude oil refineries when they were recaptured from Islamic State militants is repaired , the country 's oil minister said . Iraq is OPEC’s second-largest oil producer after Saudi Arabia. The country is producing higher quantities of oil products from processing natural gas liquids . In recent months , the ministry has announced an increase in the capacity of the Kirkuk oil refinery as well as plans to this year to rehabilitate parts of the Baiji plant , once Iraq ’s largest petroleum processing facility .
Iraq plans to reduce petroleum imports by 25 % as damage to crude oil refineries when they were recaptured from Islamic State militants is repaired , the country 's oil minister said . The country is producing higher quantities of oil products from processing natural gas liquids . In recent months , the ministry has announced an increase in the capacity of the Kirkuk oil refinery as well as plans to this year to rehabilitate parts of the Baiji plant , once Iraq ’s largest petroleum processing facility .