PM: The government is planning major projects in the oil, gas and petrochemical sectors

Baghdad-INA  
Prime Minister Mohammed Shia al-Sudani confirmed today, Sunday, that the government is planning major projects in the oil, gas and petrochemical sectors.
 
The Prime Minister's media office said in a statement received by the Iraqi News Agency (INA): that "Prime Minister Mohammed Shia al-Sudani received the Chairman of the Board of Directors of Baker Hughes, a company specializing in oil and gas, and its CEO, Mr. Lorenzo Simonelli, and his accompanying delegation."
The Prime Minister stressed that "Baker Hughes is one of the four largest companies in the world specializing in energy and oil services," noting "the government's keenness on the company's presence in Iraq, which was invited to expand investment in it, through cooperation with the government or with the private sector in the field of oil and gas."
The Prime Minister noted according to the statement that "the Iraqi market has become a promising market, and that the government is planning major projects, especially integrated projects in the oil, gas and petrochemical sectors."
During the meeting, the Prime Minister referred to the development path that includes projects to transport oil and gas, stressing the importance of completing the projects that the company is working on in Iraq, especially the Nasiriyah oil field in which the company is investing to extract associated gas, with a capacity of 200 million standard cubic feet, which is expected to be completed in 2026.
 
For his part, the Baker Hughes delegation confirmed their commitment to the government and their desire to invest in Iraq in the oil or gas sectors, and that they came to put the final steps on signing a strategic framework agreement with the Ministry of Oil, as well as signing a memorandum of understanding in the field of gas, and investing in the gas platform that will be established in the Grand Faw Port, expressing their desire to finance some projects in Iraq.