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The Chairman of the National Investment Commission, Dr. Haider Muhammad Makiya, participated in the Ministry of Oil’s ceremony announcing investment opportunities in the field of crude oil refining in a number of governorates for the year 2023.
In his speech during the ceremony held under the title “Optimal Investment of Oil and Natural Resources”
and in the presence of the Deputy Prime Minister for Energy Affairs and Minister of Oil, Mr. Hayan Abdul Ghani Al-Sawad, and a number of governors, general managers and officials in the Ministry of Oil, the Chairman of the Commission affirmed the government’s support for the National Commission’s procedures in preparing its investment map. And charting paths for investment opportunities in Iraq by sharing visions and strategies with ministries and sectoral agencies, including the Ministry of Oil.
He added that investment in the oil and gas sector will contribute to the development of the oil industry through rounds of licensing contracts, the establishment of oil refineries and projects of industries related to the oil and gas sector, noting that the amended Investment Law No. (13) of 2006 provided many advantages, guarantees and exemptions that help attract foreign investment. to Iraq.
He continued that this ceremony comes in the context of enhancing the investment environment and extending its patterns to promising sectors in the growth of the levels of the national economy, especially the oil sector, and implementing the paragraphs of the government curriculum related to investments and licensing rounds.
In the same context, Deputy Prime Minister for Energy Affairs and Minister of Oil, Mr. Hayan Abdul-Ghani Al-Sawad, affirmed that investment opportunities represent a compass for developing work prospects and granting foreign and national investments large workspaces in the sector specialized in oil and gas, indicating that the projects announced as a first meal are the Qayyarah investment refinery. In Nineveh Governorate with a capacity of 70 thousand barrels per day, and the investment black oil hydrogenation unit in Basra Governorate with a capacity of 30 thousand barrels per day, and the Maysan Investment Refinery in Maysan Governorate with a capacity of 150 thousand barrels per day, and its importance lies in the development of joint work mechanisms with the National
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