The Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul Ghani, called on international companies specialized in the oil, energy and infrastructure sectors to invest and actively participate in developing the oil industry in Iraq, stressing the keenness of the government and the Ministry to provide the appropriate investment environment to achieve the participating goals.

During his participation in the Qatar Economic Forum, the Minister of Oil said: “Iraq seeks to develop a program for the oil industry in addition to sustaining and increasing production, especially in the gas sector, through investment projects for gas associated with oil operations, developing hydrocarbon structures, in addition to developing infrastructure and export outlets.

Abdul-Ghani stressed the importance of inviting discreet 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 and structures with gaseous compositions, especially in the western and northern regions.

The Deputy Prime Minister for Energy Affairs and Minister of Oil had met the Emir of Qatar, Tamim bin Hamad Al Thani, and the Qatari Minister of State for Energy Affairs, Saad bin Sherida Al Kaabi, and they discussed the development of prospects for bilateral cooperation between the two brotherly countries in all fields in the energy sector.

Abdul Ghani stressed the importance of expanding horizons of work and cooperation to achieve common goals and interests.

The Qatari Minister expressed his country’s desire to actively participate in a number of investment opportunities in Iraq.

The Deputy Prime Minister and Minister of Oil, also met with Prince Abdulaziz bin Salman, the Saudi Minister of Energy, and they discussed bilateral relations and developments in the oil market, and they affirmed their keenness to work jointly to achieve stability and balance in the global oil market.

The activities of the third edition of the Qatar Economic Forum started today, Tuesday, in the presence of more than 32 official delegations from countries of the world and 2,000 participants from inside and outside Qatar, and its work will continue until May 25.

The forum presents a diagnosis of the reality of the global economy and seeks to anticipate its future, by focusing on global challenges that affect societies and economies around the world. A group of influential business leaders, academics and heads of government are scheduled to participate in the forum’s work, to highlight the innovations necessary to develop economic growth and global economy forward.

The forum seeks to cover all pillars of the economy, whether in terms of trade and linking it to energy, investment, modern technology, or the general mood of consumers, as well as geopolitical turmoil and its complex effects.

Source: National Iraqi News Agency