Samson:  Watch: Video highlights of the high-level virtual Ministerial Roundtable discussions hosted by the @IraqiGovt and the @IEA on diversifying and reforming the Iraqi economy, expanding the role of the private sector and encouraging investment:#EconomicReforms #InvestIraq pic.twitter.com/XqRt9RiaE2— Government of Iraq -(@IraqiGovt) July 24, 2020

Bravo13:  who is the gov official top right in video for the us, not pompeo, interesting meeting, this is good to see. Thanks for bringing this samson.

Samson:  IEA and Iraq will host high-level Ministerial Roundtable on investment and economic reforms

The International Energy Agency and the Government of Iraq will host a high-level Ministerial
roundtable on Thursday focused on investment and economic reforms in Iraq, especially in
the country’s electricity and gas sectors.

The virtual round-table meeting will bring together senior Iraqi Ministers and policymakers,

Ministers from IEA countries, CEOs and leaders of energy companies as well as international
financial institutions,
who will explore how to ensure that Iraq’s energy sector can continue
its recovery at a time of constrained government budgets and tighter financing environments.

Participants will include Mr. Ali Allawi, Iraq’s Minister of Finance; Mr. Ihsan Ismaeel, the

Minister of Oil; Mr. Majid Hantoush, the Minister of Electricity; and Ms. Suha Najjar, an
advisor to the Prime Minister.

The roundtable will also hear from several other top government officials, including Mr. Dan Brouillette, the U.S. Secretary of Energy;Mr Kwasi Kwarteng, Minister of State for Business, Energy and Clean Growth of the United Kingdom; Ambassador Francois Delattre,Secretary-General of
France’s Ministry of Europe and Foreign Affairs; as well as CEOs of Siemens Energy, GE Gas Power, Total, Eni and others.

The meeting follows a call in May between Iraq’s Prime Minister, Mustafa Al-Kadhimi, and
the IEA’s Executive Director, Dr Fatih Birol, agreeing to work together, particularly in the
area of electricity and gas reform.

The discussions will review the role that the new Iraqi government sees for

the private sector in developing the country’s electricity and natural gas sectors,
as well as measures needed to spur investment by energy companies.

The meeting is the latest in a series of top-level engagements that the IEA has
undertaken in support of the Government of Iraq in recent years. Last year, the IEA

published an in-depth analysis of the country’s energy sector, examining the problems
affecting Iraq’s power sector and offering recommendations to address the situation,
including the potential role of renewables. The report,  Iraq’s Energy Sector: A
Roadmap to a Brighter Future
, also took a detailed look at the country’s oil and gas
industry and its prospects for the next decade.

Since then, the drop in oil prices due to the Covid-19 pandemic has severely curtailed
the government’s ability to spend on critical infrastructure. As a response to the
economic and financial strain, the new government is exploring avenues to fundamentally

reform its economy to reduce the burden on state finances, incentivize private sector
growth, and make the economy more resilient to future oil price movements.

“The IEA has been a steadfast supporter of Iraq’s reform plans, with the country’s
vast energy sector at its heart,” said Dr Birol. “The IEA believes that the energy

sector is a fundamental enabler for the country’s reforms. We hope that this
meeting will help get a better understanding for the government’s vision as
well as share the experience of the private sector on ways to spur private
investment.”   LINK

Samson:  The meeting will bring together senior Iraqi Ministers and policymakers, the Executive Director of the @IEA, Ministers from a number of @IEA member states, CEOs of global energy companies and leading international financial institutions. #EconomicReforms #InvestIraq

— Government of Iraq – (@IraqiGovt) July 23, 2020