Calls for investing in mineral wealth in Iraq

Calls for investing in mineral wealth in Iraq

02/25/2016

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BAGHDAD / obelisk: According to a member of the Presidency of the Council of Representatives, Hamoudi, Thursday, on the need to take advantage of the mineral wealth in Iraq being can supply the national economy, the riches of equivalent oil imports.

This came during a visit, a member of the Presidency of the Council of Representatives, to the Ministry of Industry and Minerals and Geological Survey accompanied by Industry Minister Mohammed al-Darraji, according to a statement to the media office.

A member of the Presidium of the parliament, said that "the mineral wealth of the country, whether discovered or that still exist under the ground, is a very large value, you may draw what comes from oil," calling for "the development of the production of that wealth and investment and export about a scientific and effective."

He warned Hammoudi, of "the existence of efforts by malicious hidden and Iyad to destroy all locally produced from the industry, minerals, agriculture and others," and urged international companies to "promote investments in the mining sector in Iraq, especially the presence of more than 14 investment opportunity in this field."

The First Deputy Speaker of Parliament, said there was "a serious interest for the development of mining projects and the extraction of raw materials, research and geological trend towards production and investment to different countries, companies and the possibility of allocating a share of the profits when production and export, to maintain that detects metal within its territory."

The statement quoted the minister of industry and minerals, thanks and appreciation for "member of the Presidium of Parliament supporting the domestic industry initiative and the various visits that are guaranteed by the initiative," noting that "the visit and his support for the minerals sector, but emphasizes that the banner of supporting the Iraqi industry is pregnant and this fact does not differ by two."

The statement also "Hamoudi met with Angels Geological Survey (USGS), in the presence of the Minister of Industry and Minerals, and stressed the need to review and cancel the decision of 30 for the year 2003 that has been applied in the absence of the legislative authority in 2003 where he was which prevent the production and export of local products outside the country," stressing the importance of "activating and supporting decisions for agricultural and industrial products and in the possession of the State Council."