Oil Minister: We have an ambitious plan for the advancement of the oil sector
[Where - Baghdad]
Oil Minister Ali Jabbar and coffee, the ministry said that the strategy for the advancement of the oil sector , an ambitious plan.
A statement by the Ministry of Oil received by all of Iraq [where] a copy of the "oil minister, received in his office on Sunday, the head and members of the Bloc citizens During the meeting , they discussed ways to raise the profile of the oil sector in the country."
The minister said that "The oil ministry has developed an ambitious plan the strategy , which is proceeding with implementation of the advancement of the oil sector in Iraq by increasing oil and gas production rates and raise export capacity as well as expand the national reserves of oil and gas that leads to the result that takes Iraq 's influential status it deserves in the Organization of petroleum exporting Countries and international forums. "
the minister expressed optimism about the future of oil and gas sector in Iraq in spite of the challenges faced by the country as a result of the financial crisis, adding that " the ministry 's ability to overcome obstacles and work on opening the door for investment in the oil and gas sector as reflected positively on the economy of Iraq, pointing out that the associated gas investment or free will have priority in the ministry 's plan will reflect positively on the general budget of the country by providing them with additional financial revenues. "
he explained that the ministry has initiated a review of contracts with international oil companies operating in Iraq contracts within the licensing rounds in line with the changes in oil prices, adding " The purpose of the review is not to cancel contracts but rather to modify some of the items Lima preserves the interests of the country." He said according to the statement that " the next phase for all the oil and gas sector activities in Iraq will witness a great development and high leaps in the areas of open doors to local and foreign investments and through the channels of participation and partial investment or kidney."
For his part , Chairman and members of the citizen Bloc gave congratulations on the occasion of receiving Allaibi his new oil minister, wishing him success in the ministry management and development of the oil sector in the country. http://www.alliraqnews.com/modules/n...?storyid=47004