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Shafaq News/ Oil Minister Amer Abdul-Jabbar announced that Iraq seeks to raise the value of oil and gas investments to $17 billion in the coming years.
Abdul-Jabbar said in press statements seen by Shafak News that "the value of what is paid as dues to licensing companies investing in the country is 13 billion dollars annually, and Iraq seeks to increase the value of investments in the country to 17 billion dollars in the coming years."
Abdul-Jabbar added that "all licensing companies have been directed to expedite oil and gas investment plans," noting that "there are new contracts with major investors such as Total, and there is also a discussion with Chevron about investments in southern Iraq."
The Minister of Oil indicated that "Iraq has a goal and is working to cover the investment vacuum that occurred in the years 2014, 2017, and 2020 during the economic recession of the country," noting that "Iraq had two real years to return to its position and invest its energy."
And Minister Abdul-Jabbar indicated that "oil prices, which currently range between 100 to 110 dollars per barrel, are normal compared to the rise in prices for other energy sources," noting that "OPEC aims to achieve a balance between producer and consumer."
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Iraqi Oil Minister: We seek to raise the value of energy investments to $17 billion
Shafaq News/ Oil Minister Amer Abdul-Jabbar announced that Iraq seeks to raise the value of oil and gas investments to $17 billion in the coming years.
Abdul-Jabbar said in press statements seen by Shafak News that "the value of what is paid as dues to licensing companies investing in the country is 13 billion dollars annually, and Iraq seeks to increase the value of investments in the country to 17 billion dollars in the coming years."
Abdul-Jabbar added that "all licensing companies have been directed to expedite oil and gas investment plans," noting that "there are new contracts with major investors such as Total, and there is also a discussion with Chevron about investments in southern Iraq."
The Minister of Oil indicated that "Iraq has a goal and is working to cover the investment vacuum that occurred in the years 2014, 2017, and 2020 during the economic recession of the country," noting that "Iraq had two real years to return to its position and invest its energy."
And Minister Abdul-Jabbar indicated that "oil prices, which currently range between 100 to 110 dollars per barrel, are normal compared to the rise in prices for other energy sources," noting that "OPEC aims to achieve a balance between producer and consumer."
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