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Al-Sudani: We aim to convert 40% of Iraq’s oil exports into derivatives and refining products
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Economy News _ Baghdad
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Added 06/09/2024 - 1:28 PM
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Economy News _ Baghdad
Prime Minister Muhammad Shiaa Al-Sudani confirmed on Sunday that his government, which he heads, aims to convert at least 40 percent of Iraq's oil exports into derivatives and refining products.
This came during his meeting today with the Chairman of the Board of Directors of Al Hilal Companies, Hamid Jaafar, and his accompanying delegation, according to what the Iraqi government announced in a statement.
The statement quoted Al-Sudani as saying, “The government has provided a safe investment environment, and financial and banking facilities that are attractive to experienced companies, which opens horizons for continuous cooperation, reflects positively on the local economy, creates job opportunities, and maximizes Iraq’s resources from its oil wealth, in light of the goal of transforming... At least 40% of Iraq’s oil exports include derivatives and refining products, in addition to gas investment.”
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Added 06/09/2024 - 1:28 PM
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