Sudanese calls on oil companies to invest in Iraq
Sudanese calls on oil companies to invest in Iraq
10-1-2023
Information / Baghdad..
Prime Minister Muhammad Shiaa Al-Sudani stressed today, Sunday, the necessity of completing expansion and maintenance projects for Iraqi oil ports.
Al-Sudani’s office stated in a statement received by the Al-Ma’louma Agency, “Prime Minister Muhammad Shia’ Al-Sudani chaired a regular meeting to follow up on projects and plans for developing the oil sector, in the presence of the Minister of Oil and advanced cadres in the ministry,” noting that “the meeting reviewed the projects of the Ministry of Oil in The field of gas investment, development of refineries and the export system, as well as reviewing the ministry’s plan towards increasing production and raising the efficiency of wealth investment.”
According to the statement, the Prime Minister stressed the adoption of the “integrated project” principle when investing in oil and gas fields, provided that it includes a number of projects for petrochemical refineries, the gas industry, and electric power production stations, in addition to the chemical and fertilizer industries, with the aim of filling the urgent need for them in… Local markets.
The statement added, “The meeting witnessed a review of the progress of work in refinery projects and emphasized the necessity of completing them as quickly as possible, in order to reach self-sufficiency in oil derivatives and fuel, especially after the Karbala refinery was successfully operated.”
Al-Sudani directed the Ministry of Oil to “invite companies specialized in the field of constructing refineries to invest in Iraq.”
He pointed out “the importance of completing gas projects and expanding investment in Iraqi fields producing natural gas, for the purpose of supplying power stations and national fertilizer-producing factories with their gas needs.”
Al-Sudani stressed “the necessity of completing expansion and maintenance projects for Iraqi oil ports, and storage and drainage complexes throughout Iraq.”
He directed “to follow up on the implementation of the ministry’s short-term and long-term plans to accommodate local economic requirements and the global market’s need for Iraqi oil and oil derivatives in the foreseeable future, and the need to highlight Iraq’s effective and important role in OPEC.”
He renewed his directives regarding “the importance of adhering to the timetables prepared for the implementation stages, and early work to overcome all administrative and technical obstacles to the completion of projects.”
almaalomah.me
