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Today (Monday), Iraqi Oil Minister Ihssan Abdul-Jabbar confirmed that recent agreements and understandings with international companies could lead to an increase in work and production space and attract foreign investment in Iraq.
The Iraqi News Agency (INA) today quoted Abdul-Jabbar as saying that "the recent understandings and agreements with sober international companies could lead to an increase in the area of work and production and to attract foreign investments in Iraq." Indicating that it is "one of the important signs of moving the Iraqi economy to a new stage, by employing these investments in promoting the national industries related to oil and energy according to the latest methods, systems, economic mechanisms and modern technologies." He added that "these steps will lead to the revitalization of all related sectors, especially the free and associated gas investment projects, the petrochemical industries, clean and alternative energy, as well as providing thousands of job opportunities for the Iraqis."
The Iraqi minister pointed out that "the meetings that brought us together with international companies and major investors in the energy sector, especially BP, aim to increase the work area in the Rumaila field, diversify and increase the volume of investments and accelerate the associated gas investment projects, as is the case with Exxon Mobil, ENI, Gasprom and others, which are She also wants to increase the volume of cooperation and investment in other projects, as well as to communicate with important consultations with the French company, Total, on investment in gas sector projects.
He pointed out that "the ministry is working on building and strengthening strategic relations with sober countries and companies that possess financial capacity and modern technology that contribute to building the national industry and enhance its economic and development capabilities," revealing "the achievement of advanced positive steps with European Union countries and companies, the American Chevron and others." .
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