Al-Mandalawi emphasizes the activation of memoranda of understanding with two American companies in the energy sector.
Al-Mandalawi emphasizes the activation of memoranda of understanding with two American companies in the energy sector.
2026-11-03
Shafaq News – Baghdad
Deputy Prime Minister for Energy Affairs, Mohsen Al-Mandalawi, stressed on Monday evening the need to finalize and activate the memoranda of understanding with the American companies “Chevron” and “Exxon Mobil” in the field of energy.
The media office of Al-Mandalawi stated in a statement received by Shafaq News Agency that the latter chaired an expanded meeting that included the Ministers of Oil and Electricity, the Director of the Iraqi Oil Marketing Company “SOMO”, senior staff in the Ministry of Oil, and a number of agents and general managers, to discuss plans and procedures to enhance the capabilities of the oil sector, increase Iraqi production and exports, and confront the challenges imposed by the Strait of Hormuz crisis on the movement of oil exports.
Al-Mandalawi stressed the need to finalize and activate the contracts and memoranda of understanding with the American companies “Chevron” and “Exxon Mobil” in order to contribute to raising the production capacity of crude oil and increasing daily export rates. The search for new export outlets and routes that would ensure Iraqi oil reaches global markets was also discussed.
The meeting discussed the needs for electrical energy and the technical requirements for developing distribution networks, as well as examining the agreements concluded to secure gas and future plans aimed at developing the electricity sector, in preparation for the coming summer, in line with the priorities of the government program, and the level of services provided to citizens.
The meeting emphasized the importance of revitalizing plans to rehabilitate and develop oil pipelines and infrastructure projects for oil fields.
Al-Mandalawi stressed the need to provide the requirements of oil companies operating in Iraqi fields and to remove the obstacles facing their work, in order to support raising production rates and achieving tangible increases in production capacity within short time periods, and in line with the requirements of the current challenges.
shafaq.com
