Yes things sure are going well, with one of the worlds largest oil reserves, Iraq still has to import a large majority of their oil needs.
Even though Iraq has the world’s third-largest proven oil reserves, it is forced to depend on imports because of an acute shortage of refined products such as gasoline, kerosene and cooking gas. Sabotage of pipelines by insurgents, corruption and aging refineries have been blamed.
Falah Alamri, head of the State Oil Marketing Organization, which is responsible for Iraq’s imports of oil products, said the money normally allocated by the government to buy oil products was doubled in August, to $426 million. The normally allocated amount would be doubled for September, too, Alamri told Dow Jones Newswires.