Shell Oil Company announces readiness to increase investments in Iraq
Information / Baghdad..
British oil company Shell announced today, Wednesday, its readiness to increase its investments in Iraq.
A statement from the office of Prime Minister Mohammed Shia al-Sudani received by Al-Maalouma Agency stated that “Al-Sudani received today, Wednesday, at his residence in the capital, London, the CEO of Shell Oil Company, Wael Sawan.”
He added, “During the meeting, the cooperation between Iraq and the company, which is one of the most important oil, gas and petrochemical companies in the world, was discussed, especially since the government announced many investment opportunities in these sectors.”
According to the statement, the company’s CEO announced “readiness to increase investments in Iraq, especially in the field of associated gas, in addition to investing in the free gas sector, for which the government has launched a licensing round to invest in several areas of Iraq.”
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