Minister of Oil: Iraq seeks to develop and develop bilateral relations with brotherly and friendly countries

 
09/16/2021

Economy News _ Baghdad

Oil Minister Ihsan Abdul-Jabbar Ismail stressed that Iraq seeks to develop and develop bilateral relations with brotherly and friendly countries.

Ismail said during his presidency of the Iraqi side in the Iraqi-Emirati Committee, in a statement of the Ministry of Oil received by "Al-Iqtisad News", that "Iraq seeks, through the joint committees, to develop and develop bilateral relations with brotherly and friendly countries, through the conclusion of agreements aimed at establishing joint investment projects that Contribute to perpetuating and developing economic development in a manner that serves the interests of the people, as well as expanding horizons of cooperation in all other fields.

Ismail pointed to "the importance of these agreements in strengthening the role of the national economy on the international map."

The Minister of Oil continued, "Today's meeting represents the ministries, authorities and relevant authorities represented in this committee, in order to discuss the most important axes and topics that contribute to activating the joint investment sector, inter-trade, renewable energy, the dry channel between the Gulf and Europe, passing through Turkey, and the financial returns that he is expected to reap. Iraq from (transit) taxes, as well as joint cooperation in investment and development of Iraqi ports to be an important base for transporting and storing goods and international trade.

He went on to say: "In addition to discussing the importance of cooperation and coordination between the ministries and concerned bodies in providing the necessary facilities to provide a safe investment environment, and activating the mechanisms of movement and movement of investors, as well as other axes related to investment in the commercial and other sectors that will be included in the meetings of the Iraqi-Emirati Committee."

It is noteworthy that the Iraqi side in this committee holds its intensive meetings in the presence of the Chairman of the National Investment Commission, the Chairman of the Council of Ministers’ Advisors, the Prime Minister’s Adviser and representatives from the Ministries of Planning, Electricity, Transport, Trade, the General Company for Ports of Iraq in the Ministry of Transport, and the Directorate of Status Civil, Passports and Residence at the Ministry of Interior, the General Customs Authority in the Ministry of Finance, and the Studies, Planning and Follow-up Department at the Ministry of Oil, in order to prepare a working paper that includes the main axes of the agreement that it is hoped to sign between the governments of the two countries and which contributes to achieving common goals and interests.

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