PRIME MINISTER MOHAMMED SHIA’ AL-SUDANI CHAIRS A SPECIAL MEETING ON THE OIL AND GAS SECTORS
Prime Minister Mohammed Shia Al-Sudani chaired a special meeting on Wednesday concerning the oil and gas sectors, in the presence of the Ministers of Oil and Finance, a number of advisors, and senior staff from the Ministry of Oil and SOMO.
His Excellency affirmed the government’s intention to review the financial and economic aspects and raise the efficiency of the Ministry of Oil’s sectors, as they are the main source of revenue for the state’s general budget.
The meeting discussed plans to develop crude oil production and exports, as well as efforts to achieve self-sufficiency and export petroleum products, and to determine the rates of local consumption.
The meeting addressed the localization of industries necessary for the oil sector, and the development of national capabilities in the public and private sectors in the fields of drilling, extraction, mechanical engineering, and others, in order to rely on national personnel in these aspects.