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Al-Sudani chairs a meeting to follow up on oil sector development projects and plans
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Baghdad Today - Baghdad
Today, Sunday (October 1, 2023), Prime Minister Muhammad Shiaa Al-Sudani chaired a regular meeting to follow up on oil sector development projects and plans, in the presence of the Minister of Oil and advanced cadres in the ministry.
During the meeting, according to a statement from the Prime Minister’s Office received by Baghdad Today, the Ministry of Oil’s projects in the field of gas investment, refinery development, and the export system were reviewed, as well as a review of the Ministry’s plan towards increasing production and raising the efficiency of wealth investment.
The Prime Minister stressed the adoption of the “integrated project” principle when investing in oil and gas fields, provided that it includes a number of projects for petrochemical refineries, the gas industry, and electric power production stations, in addition to the chemical and fertilizer industries, with the aim of filling the urgent need for them in the local markets.”
The meeting witnessed “a review of the progress of work in refinery projects and an emphasis on the necessity of completing them as quickly as possible, in order to reach self-sufficiency in oil derivatives and fuel, especially after the Karbala refinery was successfully operated,” according to the statement.
Al-Sudani directed the Ministry of Oil to invite companies specialized in the field of constructing refineries to invest in Iraq.
He pointed out the importance of completing gas projects and expanding investment in Iraqi fields producing natural gas, for the purpose of supplying power stations and national fertilizer producing factories with their gas needs.
Al-Sudani stressed the necessity of completing expansion and maintenance projects for Iraqi oil ports, and storage and drainage complexes throughout Iraq.
He also directed "to follow up on the implementation of the ministry's short-term and long-term plans to accommodate local economic requirements and the global market's need for Iraqi oil and oil derivatives in the foreseeable future, and the need to highlight Iraq's effective and important role in OPEC."
The Prime Minister renewed his directives on the importance of adhering to the timetables prepared for the implementation stages, and early work to overcome all administrative and technical obstacles to the completion of projects.
Source: Baghdad Today
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