Alsumaria News / Baghdad The 
Ministry of Oil confirmed on Thursday its keenness to strengthen Iraq's role in Transparency International for extractive industries by adhering to the standards and mechanisms for disclosing the quantities produced of crude oil and the revenues achieved, stressing that Iraq is at the forefront of the oil states that disclose their information related to the industries Extraction.

"Iraq is one of the largest members of the Organization in terms of oil production and believes in abiding by the principles and standards," Oil Minister Jabbar Ali al-Luaibi said during a meeting with Karim Hattab, deputy minister for extraction. Transparency and analysis of the flow of revenues between the extractive industries and government agencies in order to enhance transparency to prevent corruption and provide an investment environment conducive to foreign investment and to strengthen the national economy. "




"We confirm our keenness to communicate with TI and strengthen the relationship with them. We have instructed the formation of a high-level committee under the chairmanship of the Undersecretary of the Ministry of Extraction Affairs, which includes a member of the Energy Committee of the House of Representatives and a member of the committee," Al-Luaibi said. Of the stakeholders and the Director-General of the General Secretariat of the Council of Ministers and Director-General of the Ministry of Finance, "explaining that" the tasks of this committee to develop a road map to remove confusion in the temporary suspension of Iraq's membership in the international organization through a series of steps and actions that contribute to Processing The observations contained in the report of the Organization and to expedite the issuance of reports on the extractive industries and revenues achieved.

Al-Luaibi stressed the importance of "providing support and support for all the steps taken by the Commission, and the Ministry puts all the possibilities available to reach the goals planned," noting that "a confirmation of the previous columns was again instructed to all the global extraction companies contracted within the licensing rounds and companies that buy oil Iraqi crude and all concerned parties to abide by all the principles, requirements and standards adopted by the Extractive Industries Transparency Initiative ".

"The committee held intensive meetings and began to develop the necessary mechanisms to implement the directives of the federal government and the minister of oil and active participation in the activities organized by the Transparency of the Extractive Industries, which aims to coordinate and develop joint plans and programs to implement the criteria of transparency and continuity," said Karim Hattab, head of the committee. To provide the Commission with the required data for its periodic reports and commensurate with the requirements approved. 

Iraq announced its accession to Transparency International on January 9, 2010, and was officially admitted by the International Organization on January 10, 2010, and issued its first report on the extractive industries in 2011, the Ministry is monthly to disclose the quantities exported from Crude oil, revenues, selling prices, names and nationalities of companies that bought Iraqi oil.