Deputy Prime Minister for Energy Affairs and Oil Minister Thamer Abbas Ghadhban confirmed the keenness of the Iraqi government and the Ministry of Oil to develop the energy sector in the country in accordance with the latest scientific programs and advanced technology. This came during his attendance and sponsorship of the fifth Iraq Energy Forum in Baghdad. On behalf of the Prime Minister Adel Abdul Mahdi.
The Minister of Oil said that the Iraqi government and the legislative authority represented by the Committee on Oil and Parliamentary Energy pay great attention to the energy sectors of the oil and gas industry and the electricity and water sector, because it is the main engine and support for the Iraqi economy, and oil is the main supplier of financial revenues and constitutes more than 90% of the financial allocations to the federal budget .
Al-Ghadhban pointed out that the government is keen to see the energy sector in Iraq and the continuous growth and growth, and to be subject to clear developmental and development policies, so that Iraq remains a major producer of oil and gas, in conjunction with the provision of electric power to citizens and industrial, commercial and other sectors.
Ghadhban added that the policies of the Iraqi government will witness a series of necessary measures aimed at the rehabilitation, development and restructuring of the energy sector in general, through the preparation and adoption of policies, studies, research, legislation and modern regulations and instructions that support this activity and contribute to its development, and accordingly the energy sector will witness a number of Changes for the better, and make it a sustainable productive sector, with monitoring and follow-up developments in the world of advanced technology for the purpose of adoption in this context, as well as the growth and prosperity of renewable energy in the world, and this issue is among our priorities, and We are working hard and planning to benefit from them in Iraq.
The Minister explained Iraq's concerns to preserve the environment and international obligations and determinants in this regard, which is what the Ministry of Oil is working through projects to invest gas associated with production processes to stop burning it to preserve the environment, as well as benefit from it in meeting the country's needs of gas, especially, uses of electric power generation Petrochemicals and other uses, and the export of surplus, to achieve financial revenues to the state treasury.
The Deputy Prime Minister for Energy Affairs and Oil Minister affirmed the government's support for investment and investors and its keenness to develop and reform the working environment and simplify procedures.The government is also working to combat corruption and requires that all transactions and events for investment are transparent and work on the principle of equal opportunities for all.
The oil minister stressed the importance of organizing such conferences, events and forums that open wide horizons to reach common visions for the development of energy and economy sectors in the country.
The oil minister participated in the seminar entitled "Energy, Economy and Geopolitical Effects" along with the Secretary General of the Organization of Petroleum Exporting Countries "OPEC" and the head of the German company Siemens.
Ghadhban stressed the importance of investing gas associated with oil operations and plans and projects of the ministry to achieve the objectives of optimal investment and stop burning during the next few years, as well as the development of infrastructure and multiplicity of export outlets and diversification, and the qualitative promotion of the liquidation sector.
For his part, praised the Secretary General of the Organization of Petroleum Exporting Countries "OPEC" Mohammed Barkindo role of Iraq in the organization and his concern for the stability of global markets and support the Organization's directions in achieving the required balance, expressing his happiness to visit Iraq.
On the sidelines of the forum, Deputy Prime Minister for Energy and Oil Minister met the heads of the companies of "Total, Siemens, Dana Kaz, Aqua Power, Uruk and GE, to discuss the prospects for cooperation and participation in projects to develop the oil and gas industry in Iraq.
Source: Ministry of Oil