Al-Sudani Stresses The Importance Of Investing In High Oil Prices To Increase Financial Allocations, 19 nov

 Al-Sudani Stresses The Importance Of Investing In High Oil Prices To Increase Financial Allocations, 19 nov

Time: 11/19/2023 Read: 572 times  {Politics: Al-Furat News} Prime Minister Muhammad Shiaa Al-Sudani chaired, this Sunday morning, the regular meeting to follow up on the Ministry of Oil and oil projects, and the progress of implementation of the Ministry’s plans prepared to develop the oil sector in Iraq, in the presence of the Minister of Oil, the Ministry’s senior staff, and the Prime Minister’s advisors. For oil and energy affairs.

A statement from the Prime Minister’s Office, a copy of which {Al-Furat News} received, stated, “The meeting witnessed a review of projects in the extraction and distribution sectors, the export axis, gas and refinery projects, completion rates, and the most prominent problems facing the progress of implementation, in addition to discussing the investment opportunities announced by the ministry in 2023.” .

The Prime Minister stressed the need to advance this vital sector, in all its aspects. Because it is linked to the state’s plans and desired development, pointing to the importance of investing in the relative rise in global oil prices, in increasing financial allocations through optimal investment of oil and gas.

He pointed out that oil constitutes the main source of income, and the government is working to develop the oil sector and other sectors related to the chemical, petrochemical, and fertilizer industries, according to what was stated in its government program, as well as developing the electricity sector and working on the integrated energy projects plan program, pointing to the government’s policy of continuing to provide Support at the level of solutions, policies and decisions.

During the meeting, Al-Sudani was briefed on the results of the discussions held between the Ministry of Oil in the Federal Government and the Ministry of Natural Resources in the Kurdistan Regional Government of Iraq, in order to complete the procedures for re-exporting crude oil through the Turkish port of Ceyhan.  LINK