The Iraqi government is interested in cooperating with major international oil companies.
The Iraqi government is interested in cooperating with major international oil companies.
2024-11-14 02:00
Shafaq News/ Prime Minister Mohammed Shia al-Sudani expressed, on Thursday, the interest of the current federal government he heads in cooperating with major international oil companies and keenness to attract investment, especially in the gas and clean energy sectors.
This came during his meeting with Shell’s Executive Vice President for the Extraction Sector, Peter Costello, and the company’s Director in Iraq and the Emirates, according to a statement issued by Al-Sudani’s media office.
The statement said that during the meeting, aspects of cooperation with the company in the field of energy were discussed, as well as the progress of work on its major projects in Iraq in the field of extraction, and the investment opportunities that the global company can contribute to, within the development of the oil, gas and clean energy sector.
He added that the meeting also discussed carbon emission reduction projects, in addition to the possibility of their contribution to integrated energy projects, increasing the added value of oil wealth, gas and condensate production, and working within global environmental determinants.
Al-Sudani expressed the government’s interest in cooperating with major international oil companies, and its keenness to attract and develop investments in the energy sector, especially gas and clean energy investments.
He stressed the provision of support and assistance to investors interested in developing these sectors, in a way that serves the interests of Iraq and the targets adopted by the government program, and modernizing the infrastructure of the economic sectors.
The Prime Minister directed continuous communication between the Ministry of Oil and Shell Company to achieve projects that serve Iraq and are consistent with the requirements of economic development and the government’s approach to expanding revenues within the oil sector and its investments.
shafaq.com
