Iraq invites international companies to invest in oil and energy sector

Baghdad-INA  
The Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul-Ghani, invited today, Tuesday, international companies specialized in the oil, energy and infrastructure sectors to invest and actively participate in the development of the oil industry in Iraq, while stressing the keenness of the government and the ministry to provide the appropriate investment environment to achieve the participating goals.
 
 
Abdul-Ghani said during his participation in the work of the Qatar Economic Forum, according to a statement issued by the Ministry of Oil received by the Iraqi News Agency (INA) that "Iraq seeks to develop a programmed oil industry in addition to sustaining and increasing production, especially in the gas sector, through associated gas investment projects for oil operations, the development of hydrocarbon compositions, as well as the advancement of infrastructure and the development of export outlets.
He pointed out, "The importance of inviting Sober international companies to participate in the appendix of the fifth round, which includes (14) fields and sites in many regions of Iraq, as well as preparing for a sixth round that includes a group of sites with gaseous compositions, especially in the western and northern regions."
According to the statement "The Deputy Prime Minister for Energy Affairs and Minister of Oil met with the Emir of Qatar, Tamim bin Hamad Al Thani, and the Qatari Minister of State for Energy Affairs, Saad bin Sherida Al-Kaabi, and discussed the development of prospects for bilateral cooperation between the two brotherly countries in all fields in the energy sector."
Abdul-Ghani stressed, according to the statement, "the importance of expanding the prospects of work and cooperation to achieve common goals and interests."
For his part, the Qatari minister expressed "his country's desire to actively participate in a number of investment opportunities in Iraq."
The Minister also met with the Deputy Prime Minister and Minister of Oil, Prince Abdulaziz bin Salman, the Saudi Minister of Energy, and discussed bilateral relations and developments in the oil market, and they confirmed "their keenness to work jointly to achieve stability and balance in the global oil market."