Oil Minister sets a set of points for the success of the white paper

Oil Minister sets a set of points for the success of the white paper

10:45 – 10/24/2020

Oil Minister sets a set of points for the success of the white paperBAGHDAD – Mawazine News
Minister of Oil, Ihsan Abdul-Jabbar, confirmed, on Saturday, that the government is keen to change the philosophy of the economy.
Abdul-Jabbar said in a statement that Mawazine News received a copy of, that “the government is keen to change the philosophy of the Iraqi economy and the mechanisms of managing hydrocarbon wealth for the sake of sustainable national development and its advancement, and work to change the market value of the national product, as well as accelerate the implementation of investment projects in The gas, petrochemical industries and sustainable energy sectors, relying on modern technologies, and providing advanced training opportunities for workers in the oil sector.
And after the conclusion of the European tour of the government delegation headed by Prime Minister Mustafa Al-Kazemi, which included Federal Germany, France and the United Kingdom, the Minister of Oil explained that “the government’s reform paper requires strengthening, supporting and providing opportunities and a safe investment environment for global companies, and working to increase the volume and prospects of cooperation with major partners For the sake of promoting hydrocarbon industries and optimal investment of national wealth to enhance the national economy, pointing out that “he discussed all these axes during his meetings with international companies and that he touched the confidence of major investors in the Iraqi energy sector, and their desire to expand, diversify and increase the horizons of cooperation, especially BP companies, Exxon Mobil, Eni, Kazprom and others, as well as holding important consultations with the French company Total on investing in gas sector projects, one of which is located to the west of Baghdad, and the other in Basra, and we hope to reach an agreement soon.
The Minister of Oil stressed that “the ministry is working, within the reform paper, to build strategic relationships with sober countries and companies that possess financial capacity and modern technology that contribute to building the national industry and enhance its economic and development capabilities. Noting that “the ministry has signed an important contract with a Japanese company recently to construct a complex refinery, which is the first project of its kind in Iraq, as it contributes to converting fuel waste into high-quality white products. The attendant in the Basra Gas Company, and it will be a milestone in this sector. ”
He added that “the coming period will witness the opening of the largest rehabilitation center in Basra Governorate to build and prepare national capacities in the oil and energy sector.” Ended 29 / A43

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