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 move comes after a meeting of OPEC and non-member countries in Vienna on Wednesday that was dominated by concerns about rising prices for oil. An Iraqi flag is seen on a military vehicle at an oil field in Dibis area on the outskirts of Kirkuk, Iraq October 17, 2017. 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 move comes after a meeting of OPEC and non-member countries in Vienna on Wednesday that was dominated by concerns about rising prices for oil. 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.