Prime Minister directs optimal investment in sulfur and phosphate

Baghdad - INA

Prime Minister Mohammed Shia al-Sudani directed, today, Wednesday, the optimal investment in sulfur and phosphate.

The Prime Minister's media office said in a statement - received by the Iraqi News Agency (INA): "Prime Minister Mohammed Shia al-Sudani chaired a meeting devoted to discussing the development of sulfur and phosphate production, in the presence of the Deputy Prime Minister, Minister of Oil, Minister of Finance, Minister of Industry and Minerals, Governor of the Central Bank, and a number of advisors and general managers."

The statement added that "during the meeting, mechanisms were discussed to put this file on the right track and develop mineral wealth industries, which are the artery feeding all types of industries, as the Ministers of Oil and Industry and Minerals reviewed Iraq's reserves of sulfur and phosphate."

Al-Sudani directed - according to the statement - to work on the optimal investment of this wealth, which falls within the country's economic security, and whose investment has been suspended for decades, and he also appreciated the efforts of holding this meeting to unify visions and ideas to maximize state revenues," indicating that "the government is working to diversify revenues and implement strategic projects; To support development in various fields and sectors.

The statement continued, "It was decided - during the meeting - to form a committee headed by the Prime Minister's Advisor for Energy Affairs, and the membership of the technical undersecretaries of the Ministries of Oil and Industry and Minerals, in addition to the Legal Department in the General Secretariat of the Council of Ministers, and general managers from the Ministries of Industry and Oil, to submit a report within one month on the vision for achieving optimal investment in sulfur, both associated and mining, and phosphate."