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Iraq moves to increase its petrochemical projects

The Iraqi Prime Minister, Mohammed Shia Al-Sudani, reaffirmed on Thursday that Iraq is moving to increase its petrochemical projects.

Al-Sudani’s remarks took place during his meeting in Baghdad with a delegation from KBR, a US-based company operating in fields of science, technology, and engineering, according to a statement issued by the Prime Minister’s Office (PMO).

KBR officials reviewed the company’s operations in Iraq, which included working with Iraqi oil firms to promote the use of flared gas and the potential to take part in integrated energy projects to maximize Iraq’s oil resources.

The Iraqi Prime Minister indicated that the government’s agenda, which includes attracting productive partnerships and providing the necessary investment climate, in addition to undertaking financial, banking, and tax reforms, increases the chances that foreign businesses will positively impact the Iraqi economy.

Al-Sudani declared once more that Iraq is committed to growing its petrochemicals, petroleum derivatives, fertilizer, and other promising industrial projects that will attract foreign investment and expertise, build a stable and diversified Iraqi economy, and generate additional employment opportunities.

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