Iraq has now become the third-largest oil refiner in the Arab world. The country achieved this ranking after raising its refinery output significantly over the past year. This Iraq oil refining development reflects Iraq’s broader push to strengthen its role in regional and global energy markets.
According to newly released energy sector data, Iraq expanded its refining capacity by 60,000 barrels per day. The total now stands at 988,000 barrels per day. This marked a clear improvement from the previous level of 928,000 barrels per day.
Iraq oil refining efforts show steady growth in recent years. Government officials in Baghdad have prioritized refinery upgrades and investments. The strategy focuses on meeting domestic fuel needs while also supporting exports to neighboring markets.
With this advancement, Iraq trails only Saudi Arabia and Kuwait among Arab oil refiners. These two countries have long held top positions due to their advanced infrastructure and long-standing energy policies. Iraq now ranks ahead of the United Arab Emirates, Algeria, Egypt, and Qatar. Libya sits at the bottom of the regional list.
Iraq oil refining capacity continues to play a major role in the country’s economy. The energy sector still provides most of the national revenue. As global oil dynamics shift, Iraq aims to modernize and expand its refining systems to keep pace with demand.
On the global level, total oil refinery production grew steadily over the last year. Global refining output increased by 807,000 barrels per day, rising to 93.631 million barrels per day. This represents a noticeable jump from the previous year’s figure of 92.823 million barrels per day.
Many energy analysts expect Iraq to further enhance its position. The government is working with international companies to improve refinery operations and reduce bottlenecks. Several new refinery projects are underway, which may push Iraq’s numbers even higher in coming years.
Moreover, Iraq oil refining development helps reduce dependency on imported fuels. Increased local refining allows the country to meet growing internal fuel needs. It also supports industrial activity and economic diversification goals.
In summary, Iraq oil refining capacity shows impressive growth. This progress confirms Iraq’s rising influence in the Arab and global energy sectors. With continued investment and policy focus, Iraq may soon move even higher in refinery rankings.