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Iraq is moving to implement investment projects in the oil sector
22/11/2017 12:00 am [rtl]Baghdad / Sabah / Farah Al-Khafaf The government is moving to attract international companies to implement investment projects in the oil sector, so Iraq becomes a source of oil derivatives instead of an importer, especially after achieving self-sufficiency in many of them. The government's directives are part of the national reform campaign led by Prime Minister Dr. Haider al-Abadi, which aims to reduce dependence on oil exports and develop productive sectors, as well as strengthening the Iraqi economy by supporting the national product. According to a source in the oil and energy parliamentary committee for "morning", "the government has developed an integrated plan to attract international companies to invest in the implementation of giant projects related to oil refining and extraction of oil derivatives, petrochemicals and other projects." He pointed out that "the trend to enter into partnerships with companies known," noting that "these partnerships will contribute to moving the wheel of production for the oil sector," praising the same time the government's actions in this aspect, which he described as "positive." The oil and energy committee headed by MP Ibrahim Bahr al-Ulum discussed the draft law of the National Oil Company in the presence of the advanced owners in the Ministry of Oil. The meeting discussed the draft law of the National Oil Company and the classification of the company as a company operating and implementing Omalka oil and oil installations and its land. For his part, the oil expert Hussein Marzouk for "morning", the importance of investment in the oil sector of production, pointing out that "Iraq during the past decades did not see real production projects because of the policies of the former regime, as well as his preoccupation with combating terrorism after 2003." In the meantime, Oil Minister Jabbar Ali al-Allaibi said Iraq's possession of promising investment opportunities in the oil and energy sector. Al-Allaibi said, according to a statement received "morning" a copy of it: "The ministry called on international companies to invest in the sectors of liquidation and extraction and drilling and infrastructure projects and to strengthen partnership and cooperation and interlock With national companies, to achieve common goals and contribute to the revitalization of the wheel of development and the national economy. " The oil minister met with a number of ministers and directors of international companies on the sidelines of his participation in the conference of ADIPEC in the United Arab Emirates, which concluded last week, and discussed with them ways to strengthen relations and investment cooperation in the oil and energy sector. The spokesman of the Ministry of Oil Assem Jihad said that Iraq and Turkey are keen to strengthen and expand prospects for bilateral cooperation in the field of oil and energy, and work together to accelerate the resumption of Iraqi oil exports through the port of Ceyhan. "A senior delegation representing the Turkish Ministry of Energy has concluded meetings in Baghdad with officials of the ministry and the Iraqi oil marketing company" Sumo "focused on discussing a number of joint oil files and strengthening bilateral relations and cooperation to achieve the objectives of the two neighboring countries, Jihad said. He added that "the issue of the resumption of Iraqi oil exports from the fields of Kirkuk through the port of Ceyhan, Turkey was the top topics discussed between the two sides, as well as discuss the obstacles and technical and administrative problems in order to find the necessary solutions by the concerned on both sides, To complete the discussions at a meeting in Turkey, which will be set later. "[/rtl] [rtl][You must be registered and logged in to see this link.] [/rtl] |
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