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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Al-Sudani: Iraq is qualified to be an attractive environment for the private sector and foreign comp

    Rocky
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    Al-Sudani: Iraq is qualified to be an attractive environment for the private sector and foreign comp Empty Al-Sudani: Iraq is qualified to be an attractive environment for the private sector and foreign comp

    Post by Rocky Wed 14 Jun 2023, 2:24 pm

    Al-Sudani: Iraq is qualified to be an attractive environment for the private sector and foreign companies

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    Economy News - Baghdad
    Today, Wednesday, Prime Minister Muhammad Shia al-Sudani affirmed that Iraq is qualified to be an attractive environment for the private sector and foreign companies, pointing to the keenness on the presence of American companies in Iraq.
    Al-Sudani's office said in a statement, "Prime Minister Muhammad Shia'a Al-Sudani received, today, Wednesday, a delegation of the Iraqi-American Business Council headed by the Council's President, Vice President of the American Chamber of Commerce for Middle East Affairs, Steve Lotus."
    The statement quoted Al-Sudani as saying, "Iraq is qualified to be an attractive environment for the private sector and foreign companies," stressing that "the government has taken a series of decisions to simplify procedures for investors, and work to address problems in this field."
    He continued, "Iraq cannot remain dependent on oil, as the world is heading today to oil alternatives that will be ready after 2028, and that countries of the world are spending billions of dollars for oil alternatives, especially after the war in Ukraine, and oil-dependent countries must prepare for alternatives."
    He added, "Iraq possesses natural resources that have not been invested, and it is qualified to be an agricultural and industrial country due to its strategic location," stressing that "the private sector is our true partner to achieve our vision, reduce time and find solutions to problems."
    Al-Sudani explained, "We started investing in the burned gas sector, which costs us $4 billion annually," stressing that "the Total agreement is one of the most important gas investment agreements and the development of oil fields, which will provide half of our gas needs."
    He continued, "There are contracts with Chinese and Emirati companies that will provide us with half of the gas we import, and we are preparing to announce the sixth round of gas fields, which is happening for the first time in Iraq, in terms of natural gas investment."
    The statement concluded that the Prime Minister stressed that "investing in these projects will provide us with important financial returns that will be employed in various sectors, and we will avoid the climatic effects resulting from gas flaring, and Iraq is keen on the presence of American companies in Iraq."
     


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