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Iraq Stops Diesel Import Deals as Refinery Upgrades Boost Output
Iraq halted contracts to import diesel after the upgrade of some refineries helped bolster local output, putting the country on track for fuel self sufficiency. The country wound down purchase deals at the end of last year and hasn’t bought the fuel under long-term contracts so far in 2024, according to traders involved in the market. It has bought three diesel cargoes this year, according to market data provider Vortexa, but traders said those were spot shipments. Iraq, however, is still buying gasoline under term deals, according to the traders who asked not to be identified because the information isn’t ... (full story)