I think most of the readers here are aware of that. Plus there's a ton of other applications, like plastics, other chemicals etc.

But this article is not about that - this is about one country deciding to get out of oil production. I guess they have discussed this at lenght and decided that, all factors considered, it makes more sense for them to stop oil production, decarbonize their economy as far as possible, and import the oil that they will still need.