[size=36]Oil Minister: Iraq needs real solutions to address the problem of the single economy[/size]
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He added that Iraq needs in the coming years an increase in the production of electric power commensurate with the increase in the population growth rate that Iraq witnesses annually, pointing to the importance of securing and monitoring the financial budgets necessary to implement energy production projects to cover the need and local consumption.
Ismail indicated that Iraq has made remarkable progress regarding gas investment, and there are discussions and negotiations with international companies to develop gas fields in the country in addition to the national effort, stressing government support for gas investment projects and the transition to clean energy, noting that Iraq has concluded many electricity production contracts for energy investment. Solar, as well as signing other contracts to meet the local need for electric energy.
The Minister valued the fruitful presence of the ministers and their visions and proposals for the future energy prospects for Iraq, praising the role of the media office and those responsible for preparing and organizing the forum, stressing the importance of repeating such events that would spread a culture of dialogue and integration to develop the energy industry in the country.
For his part, Finance Minister Ali Abdul-Amir Allawi said that there are economic challenges that the country is going through. Because of the uncertainty of expectations regarding oil prices, noting that Iraq depends in its federal budgets on the revenues that are achieved from sales of crude oil.
He added that the global outlook for the future of energy is the tendency to adopt new, new options that do not depend primarily on fossil fuels.
For his part, Minister of Water Resources, Mahdi Rashid, touched on Iraq's trends to benefit from water energy in the production of electricity through the implementation of hydroelectric projects, noting that Iraq has plans to establish a number of water dams despite the challenges of Iraq's water resources due to the low shares of water flowing from countries neighbourhood.
The former Oil Minister, Thamer Al-Ghadhban, presented a working paper on the future prospects for the Iraqi energy sector, in which he referred to the priorities for developing the gas sector, stressing the importance of the provisions for developing the discovered gas fields and reservoirs and accelerating their development and production, despite the challenges of the present and the future. clean.
While the advisor of the Ministry of Oil for Energy Affairs, Abdul Baqi Khalaf, stressed during the working paper he presented at the forum on a road map towards sustainable energy transformation and the need to adopt the uses of renewable energy, represented by solar energy, wind energy and nuclear energy due to its environmental and economic importance, noting that Iraq has many obligations towards the international community. Through his pledges made at climate and energy-related conferences, projects that would reduce gas emissions and preserve the environment and climate must be implemented.
For his part, the advisor to the Minister of Electricity, Abdul Hamza Hadi, presented a working paper on the prospects and challenges of the electric power sector in Iraq and the importance of implementing projects to increase production and community awareness regarding rationalization of use and consumption.
Also, during the forum, a report was presented on the oil markets, opportunities and challenges on the short and long terms, prepared by Muhammad Saadoun from the Oil Marketing Company. Ended 29/R77