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Iraq steps up petrochemical projects expansion

Iraq steps up petrochemical projects expansion

Iraqi Prime Minister Affirms Growth of Petrochemical Projects

In a meeting with KBR, a US-based company, Iraqi Prime Minister Mohammed Shia Al-Sudani emphasized Iraq’s commitment to expanding petrochemical projects. KBR officials discussed potential energy projects and collaborations with Iraqi oil firms to utilize flared gas effectively.

Al-Sudani highlighted the government’s agenda of creating a conducive investment climate and implementing financial reforms to attract foreign businesses. He stressed the importance of productive partnerships in enhancing the Iraqi economy.

With a focus on developing petrochemicals, petroleum derivatives, and other industrial projects, Iraq aims to increase foreign investment and expertise. The government seeks to build a stable economy and create more job opportunities through these initiatives.

By fostering collaborations with international companies like KBR, Iraq hopes to maximize its oil resources and drive economic growth. Al-Sudani’s meeting signals Iraq’s determination to prioritize industrial development and attract foreign investments.

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