Group 1 - Iraq's refining capacity has been increased to 1.3 million barrels per day, with plans to stop importing refined oil products by early next year [2] - The Iraqi government aims to reach a strategic goal of 1.65 million barrels per day by March 2024, with self-sufficiency in refined oil products expected by 2024 [2][3] - The country previously imported 16 million liters of gasoline and 7 million liters of diesel and aviation fuel daily, costing approximately $4.5 billion annually [2] Group 2 - The current utilization rate of Iraqi refineries is estimated at only 62% for 2024, prompting increased investment in new refining projects and upgrades [3] - Recent developments include the completion of the Karbala refinery, expansion of the Basra refinery, and reconstruction of the Baiji refinery [3] - By Q2 2025, Iraq's total refined oil imports are projected to drop to 56,300 barrels per day, significantly down from an average of 90,000 barrels per day in 2023 [3]