The Prime Minister confirms proceeding with the fifth licensing round for gas investments, which wil

[size=46]The Prime Minister confirms proceeding with the fifth licensing round for gas investments, which will provide funds to the state treasury after years[/size]

Economie

[size=30] The Prime Minister revealed that the Council of Ministers had taken an important decision in the field of investing in natural gas and associated gas, and that it had approved the recommendation of the Economic Energy Council to sign contracts for the licensing round (the fifth round) for the border blocks and fields, as a final signature and activation after a long period of time had passed since their referral .[/size]
 
[size=30]He added, “This is one of the important projects within the fifth round, which has been suspended for four years due to a complaint about the validity of the procedures. After this file went to financial control and integrity, it was finally found that the The procedures are sound and the issue has been resolved .”[/size]
 
[size=30]Al-Sudani continued, "One of the companies operating in the project can provide a quarter of the amount of imported gas within 15 months, and our goal is to secure and cover all the amount of imported gas within 3 years ."[/size]
 
[size=30]He explained, "Imported gas costs about 10 trillion dinars annually in the budget. After three years, the project will provide these amounts, and they will be transferred to health, education and housing, within the framework of economic reform ."[/size]
 
[size=30]He also said, "We will soon announce the sixth round, which will target patches and fields of natural gas, for the first time in Iraq," indicating that "Iraq must enter the gas market and be an exporting country and equipped for all its needs, and it is a gain on all political, economic and security levels .”[/size]
 
[size=30]He added, “The second important decision is the Nibras Petrochemicals project, which is one of our commitments in the government program,” explaining that “the project has also been suspended since 2015, and it is considered one of the strategic projects in the region.” , and the third project in the Middle East.A global consultant within two to four months to move to the next step .[/size]
 
[size=30]He stressed that "this project would operate most of our factories in the private sector, and instead of importing granules from neighboring countries, we will produce and export."[/size]
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