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Al-Sudani reviews the procedures for re-exporting crude oil through the Turkish port of Ceyhan
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2023-11-19 04:49
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2023-11-19 04:49
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Shafaq News/ Prime Minister Muhammad Shiaa Al-Sudani chaired, this Sunday morning, the regular meeting to follow up on the Ministry of Oil and oil projects, and the progress of implementing the Ministry’s plans prepared to develop the oil sector in Iraq.
The meeting was held in the presence of the Minister of Oil, the Ministry’s advanced staff, and the Prime Minister’s advisors for oil and energy affairs, according to a statement issued by Al-Sudani’s office.
The statement stated that the meeting witnessed a review of projects in the extraction and distribution sectors, the export axis, gas and refinery projects, completion rates, and the most prominent problems facing implementation, in addition to discussing the investment opportunities announced by the ministry in 2023.
The Prime Minister stressed the need to advance this vital sector, in all its aspects. Because it is linked to the state’s plans and desired development, pointing to the importance of investing in the relative rise in global oil prices, in increasing financial allocations through optimal investment of oil and gas.
Al-Sudani pointed out that oil constitutes the main source of income, and the government is working to develop the oil sector and other sectors related to the chemical, petrochemical, and fertilizer industries, according to what was stated in its government program, as well as developing the electricity sector and working on the integrated energy projects plan program, indicating the government’s policy to continue Providing support at the level of solutions, policies and decisions.
The statement continued that, during the meeting, Al-Sudani was briefed on the results of the discussions held between the Ministry of Oil in the Federal Government and the Ministry of Natural Resources in the Kurdistan Regional Government of Iraq, in order to complete the procedures for re-exporting crude oil through the Turkish port of Ceyhan.
It is noteworthy that on March 25, it was announced that the flow of oil from the Kurdistan Region and Kirkuk Governorate to the port of Ceyhan in Turkey had stopped, against the backdrop of a decision issued by the Paris-based International Court of Arbitration regarding the export of oil between Turkey and Iraq.
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The meeting was held in the presence of the Minister of Oil, the Ministry’s advanced staff, and the Prime Minister’s advisors for oil and energy affairs, according to a statement issued by Al-Sudani’s office.
The statement stated that the meeting witnessed a review of projects in the extraction and distribution sectors, the export axis, gas and refinery projects, completion rates, and the most prominent problems facing implementation, in addition to discussing the investment opportunities announced by the ministry in 2023.
The Prime Minister stressed the need to advance this vital sector, in all its aspects. Because it is linked to the state’s plans and desired development, pointing to the importance of investing in the relative rise in global oil prices, in increasing financial allocations through optimal investment of oil and gas.
Al-Sudani pointed out that oil constitutes the main source of income, and the government is working to develop the oil sector and other sectors related to the chemical, petrochemical, and fertilizer industries, according to what was stated in its government program, as well as developing the electricity sector and working on the integrated energy projects plan program, indicating the government’s policy to continue Providing support at the level of solutions, policies and decisions.
The statement continued that, during the meeting, Al-Sudani was briefed on the results of the discussions held between the Ministry of Oil in the Federal Government and the Ministry of Natural Resources in the Kurdistan Regional Government of Iraq, in order to complete the procedures for re-exporting crude oil through the Turkish port of Ceyhan.
It is noteworthy that on March 25, it was announced that the flow of oil from the Kurdistan Region and Kirkuk Governorate to the port of Ceyhan in Turkey had stopped, against the backdrop of a decision issued by the Paris-based International Court of Arbitration regarding the export of oil between Turkey and Iraq.
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