Oil proceed with the implementation of "an ambitious plan" on investment



views 39 08/28/2016



Announced new oil minister Jabbar Luaibi, Sunday, directly from his ministry and the implementation of an ambitious plan to open the door for investment firms specializing in oil and gas sector.

Allaibi said in a statement received Buratha news agency that "the oil ministry embarked on the implementation of an ambitious plan to open the door for investment firms specializing in the oil and gas sector."

The Allaibi, "the importance of promoting investment and work to give specialized companies and the private sector bigger and broader than the government's role in the construction and development and rehabilitation of oil facilities, especially the companies global oil services sober to contribute to the development of small undeveloped fields in accordance with the formula service contract opportunities, as well as on the implementation of recovery projects infrastructure with the participation of discreet private company specializing in the implementation of the business entrusted to it and technically qualified and financially. "

Allaibi He added, "The ministry began inviting niche for investment in the liquidation of the corporate sector, including the refineries of Kirkuk, and Samawah, Kut and Basra, according to Bot and Boo formula. There are other projects announced by the ministry later."

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