Al-Sudani: Iraq and the world must prepare for what will happen after 2028

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[size=52]Al-Sudani: Iraq and the world must prepare for what will happen after 2028[/size]

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06/14/2023
The Prime Minister, Mr. Muhammad Shia'a Al-Sudani, received today, Wednesday, the delegation of the Iraqi-American Business Council headed by the President of the Council, Vice President of the American Chamber of Commerce for Middle East Affairs, Mr. Steve Lotus.[/size]
[size=45]During the meeting, the Prime Minister said that Iraq is qualified to be an attractive environment for the private sector and foreign companies, noting that "the government takes a series of decisions to simplify procedures for investors, and work to address problems in this field."[/size]
[size=45]Al-Sudani added, "Iraq enjoys security, political and social stability, and it is qualified today more than ever to be an attractive environment for investment and foreign companies," stressing that "Iraq has a real opportunity for success, and there is no alternative to peaceful coexistence and support for the state and its institutions."[/size]
[size=45]And Al-Sudani stated during the meeting that “the Iraqi experience does not exist in the region at the level of local and parliamentary electoral representation, and it indicates the vitality of the democratic system,” noting that “the government is aware of the heavy legacy that began since the eighties war and caused negative effects in most sectors, That is why it has set five priorities in its program that it is working to achieve.[/size]
[size=45]The Prime Minister stressed that "Iraq cannot remain dependent on oil, as the world is heading today to oil alternatives that will be ready after 2028," noting that "the countries of the world are spending billions of dollars for oil alternatives, especially after the war in Ukraine, and on Countries dependent on oil preparing for alternatives.[/size]
[size=45]Al-Sudani explained, “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 real partner to achieve our vision, reduce time and find solutions to problems,” announcing “starting to invest in the gas sector.” Al-Mahrooq, which costs us 4 billion dollars annually.[/size]
[size=45]The Prime Minister stated, “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,” revealing that “there are contracts with Chinese and Emirati companies that will provide us with half of the gas we import.”[/size]
[size=45]"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," Al-Sudani continued, adding that "investing in these projects will provide us with important financial returns that will be employed in various sectors, and we will avoid the climate effects resulting from gas flaring."[/size]
[size=45]The statement concluded, "Iraq is keen on the presence of American companies in Iraq," noting that "the Ministerial Council for the Economy includes representatives from the private sector who participate with the government in formulating decisions and procedures that will facilitate the work of investors in Iraq."[/size]
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