Sudanese reaffirms: Iraq heading towards expansion of petrochemical projects
Economy News — Baghdad
Prime Minister Mohammed Shiaa Al-Sudani on Thursday reiterated Iraq’s orientation towards expanding petrochemical projects.
The Prime Minister’s Media Office said in a statement received by “The Palm News” that “Sudani received the delegation of the American engineering company KBR, which is specialized in sustainable technological solutions.”
He explained, “The meeting witnessed a review of the company’s overall business in Iraq, in cooperation with Iraqi oil companies in the field of oil production, and enhancing the benefit of the associated gas, and the possibility of participating in integrated energy projects, and the formulas of participation and investment was also discussed, in order to achieve the highest returns and benefit to Iraq from the oil wealth.”
The Prime Minister pointed out that “the government’s approach to attracting productive partnerships, based on resource development, and providing the necessary and successful investment environment, as well as the government’s financial, banking and tax reform, enhances the possibility of positive participation.”
He reiterated “Iraq’s orientation towards expanding petrochemical projects, the production of oil derivatives, fertilizer projects, and other promising industrial projects, which welcome foreign expertise and investments, establish a diversified and solid Iraqi economy, and create more job opportunities, which was confirmed by the government program.”
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