The Energy Council supports dialogue with Chevron to develop four exploration blocks in southern Iraq
In a statement received by Shafaq News Agency, the council said, "During its regular session held today, it agreed to support the efforts of the National Oil Company to open a discussion and dialogue with the American company Chevron regarding the implementation of the Nasiriyah province project for oil and gas production in four exploration blocks in Dhi Qar Governorate," stressing On "its importance in promoting and sustaining national production."
He added that "these projects would contribute and support the national economy and sustainable development projects."
On the other hand, the council recommended “supporting joint efforts to proceed with the implementation of the Nibras petrochemical project, due to the positive economic and developmental effects and the expected financial returns, provided that the joint management committee selects a global consultant to study and evaluate the price of the feed gas, for the proposal submitted by the partners according to the economic model.” .
The council indicated that "it also agreed to expand the Diwaniyah refinery, in addition to approving the Ministry of Oil to supply the departments of the Basra Water Project (Al-Bida' Canal) and the Shatt Al-Arab Irrigation Project with their fuel needs in support of the efforts of the Ministry of Water Resources and supporting authorities."
The Council noted that it "also agreed that the Ministry of Industry and Minerals would complete its procedures regarding the rehabilitation and operation of the factories of the General Phosphate Company in accordance with the Investment Law and the Mineral Investment Law, due to the importance of this in supporting the sectors of industry, agriculture and the national economy."
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