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Qatar Petroleum to Invest in Iraq's Energy Sector

Source: www.gulfoilandgas.com 12/13/2017, Location: Middle East

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Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil met with Mr. Mohammed Al-Saada the Qatari minister of energy and Mr. Saad Shreida Al-Kaabi the CEO of Qatar Petroleum on the sidelines of the meetings of OPEC & OAPEC which was held respectively in Kuwait and Vienna.

Mr. Al-Luiebi revealed the desire of Qatar Petroleum Company to invest and execute the development projects of up-streaming, refining, infrastructure and petrochemicals.

Mr. Al-Luiebi said that Mr. Kaabi shown the desire of his company to invest and execute the development projects in the Iraqi oil sector by cooperation and association with the specialized international companies. He also promised them to provide all the capabilities and requirements to succeed their work in Iraq.

Mr. Al-Luiebi said also that he Welcomes Qatar Petroleum Company and all the Arab & foreign companies which desires to invest and execute the development projects of the Iraqi oil sector which has become a promising investment environment for the well-known investments & international companies. He said also that Iraq is working on to maintain all the reasons of success for the international companies to achieve the common interests. And said also that Iraq “after the declaration of the great victory day” is working on to attract the international investments to develop the oil & gas industry, in addition to the refining sector and the infrastructure to achieve the highest economic outcome.

It is worthy to say that the ministry of oil have invited recently all the international companies to invest and develop the 9th areas and borderline fields with Iran and Kuwait. In addition to the other tenders for the sectors of investment, gas, up-streaming, refining, drilling, pipelines, infrastructure and else.

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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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