Iraq leads refined product imports in March

Shafaq News/ Iraq and India led global imports of refined petroleum products in March, data analytics firm Kpler reported on Tuesday.

Kpler also noted that stored refined product imports at the UAE’s Fujairah port rose to 835,000 barrels per day (bpd) in March, up from 783,000 bpd in February, with Iraq and India being the top importers from the port.

Refined petroleum products include gasoline, kerosene, fuel oil, liquefied petroleum gas (LPG), asphalt, lubricants, diesel, and residual fuel.

Iraq, OPEC’s second-largest producer, continues to rely heavily on imports due to challenges such as security threats, political instability, aging infrastructure, and resource depletion. Gas flaring and opaque contracts further complicate its energy sector, driving higher demand for refined oil products.