The president and CEO of Qatar Petroleum, Saad Sherida Al Kaabi said he plans to invest in Iraq when he met with the Iraqi Minister of Oil, Jabar Al Luaibi.
Mr. Al Kaabi also added, “Iraq is a very important country in the region. It has huge resources and needs a lot of investments. It is a brotherly country, and we would like to help and assist in developing their upstream business.”
In an effort to boost output capacity, Iraq has also invited IOC’s to explore and develop proven natural gas reserves in nine blocks.