{Economic: Al-Furat News} Today, Sunday, Prime Minister Muhammad Shiaa 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.
With the withdrawal of the government statement, {Al-Furat News} received a copy of it, saying: “During the meeting, the projects of the Ministry of Oil in the field of gas investment, development of refineries and the export system were reviewed, as well as a review of the Ministry’s plan towards increasing production and raising the efficiency of wealth investment.”
Al-Sudani stressed, “Adopting the principle of the ‘integrated project’ 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 the local markets.”
The statement added, “The meeting also witnessed a review of the progress of work in projects for refineries and an emphasis on 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,” noting “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.”
He stressed “the necessity of completing expansion and maintenance projects for Iraqi oil ports, and storage and discharge complexes throughout Iraq,” directing “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 role.” And what is important in OPEC.”
Al-Sudani also renewed his directives “on 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.”
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