Monday 28 September 2020 | 01:46 PM
Minister of Oil: The National Oil Company … a promising national project that supports the national economy

Baghdad / … Oil Minister Ihsan Abdul-Jabbar Ismail stressed the importance of legislating the Iraqi National Oil Company law in developing the oil industry, and enhancing national capabilities in managing and implementing strategic policies for the advancement of the oil industry.

Ismail said during his presidency of a meeting that included the Undersecretary for Liquidation Affairs Hamid Yunus and a number of officials in the Basra Oil Company: “The government and the ministry are keen on building national capabilities in managing oil wealth and in maximizing Iraq’s financial resources through optimal investment of oil and gas wealth on solid technical and economic foundations. And rewarding, “noting:” The Ministry is working to implement procedures for establishing this company to be a promising national project that supports the national economy. ”

He stressed the need to accelerate the implementation of the planned infrastructure projects, including projects to increase treasury and export capacities and capacities, and the seawater project, which contributes to sustaining the production process of crude oil.

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