Iraq’s refineries failed to meet local demand even before the Baiji plant was shut during the IS onslaught. Iraq plans to boost gasoline by upgrading Basra refinery.

Iraq’s refineries have been processing around 400,000 b/d since Islamic State (IS) fighters first seized control of the Baiji refinery in June 2014, and news it has allegedly fallen under the Jihadist group’s control again this week could mean it will be out of action now indefinitely (see page 8). (CONTINUED - 773 WORDS)