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Oil and Gas Parliament: The cessation of some oil projects costs the country millions of dollars
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Economy News _ Baghdad
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Added 10/24/2023 - 9:48 AM
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Economy News _ Baghdad
The Oil, Gas and Natural Resources Committee in the House of Representatives revealed that there are projects that have been stalled in the Ministry of Oil for many months without any action being taken, which would cause major financial losses.
Committee member Kazem Al-Touki said in an interview with Al-Sabah, followed by Al-Eqtisad News, that there are “projects in some directorates of the Ministry of Oil that have been suspended for about 10 months without any solution being resolved,” noting that “those projects are on hold due to red tape.” And laws, while any stoppage or defect in any oil facility causes losses to Iraq amounting to millions of dollars.” He stated that "the committee had previously summoned officials in the Ministry of Oil to discuss this matter," stressing that "recommendations were issued to Minister Hayan Abdul Ghani to take action on these matters that were diagnosed by the committee, and that there is no need to delay production projects."
He stressed that "the minister previously reviewed his program regarding gas investment and the projects and contracts concluded for that purpose, in addition to operating the Karbala refinery, which contributes to saving 80 percent of oil derivatives and reducing dependence on imports."
Committee member Kazem Al-Touki said in an interview with Al-Sabah, followed by Al-Eqtisad News, that there are “projects in some directorates of the Ministry of Oil that have been suspended for about 10 months without any solution being resolved,” noting that “those projects are on hold due to red tape.” And laws, while any stoppage or defect in any oil facility causes losses to Iraq amounting to millions of dollars.” He stated that "the committee had previously summoned officials in the Ministry of Oil to discuss this matter," stressing that "recommendations were issued to Minister Hayan Abdul Ghani to take action on these matters that were diagnosed by the committee, and that there is no need to delay production projects."
He stressed that "the minister previously reviewed his program regarding gas investment and the projects and contracts concluded for that purpose, in addition to operating the Karbala refinery, which contributes to saving 80 percent of oil derivatives and reducing dependence on imports."
Views 58
Added 10/24/2023 - 9:48 AM
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