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Iraq seeks to invest its oil wealth away from the damage to the interests of neighboring countriesIraq seeks to invest its oil wealth away from the damage to the interests of neighboring countries
04/22/2014
The Ministry of Oil in Baghdad, Monday, that the political Iraq aimed at optimal investment for the wealth of oil and gas, without damage to the interests of neighboring countries, stressing the need to sign the agreements regulating investment of common fields, as pointed out that Iraq is seeking to stabilize the global markets and strengthen the role of the Organization of Petroleum Exporting .The oil ministry said in a statement received, "Wi-News", a copy of it, that "Iraq aims through oil policy to the optimal investment for a wealth of oil and gas without damage to the interests of neighboring countries," asserting that "works on the use of oil as a means of convergence and the promotion of international relations, bilateral and development and thus contributing to the development. "
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The ministry stressed the need for "the signing of the agreements governing the investment of the common fields in accordance with the international conventions and international standards adopted, and to ensure the right of each party and by extensions of the oil field in its territory," noting that it "took the initiative to form technical committees in common with Iran and Kuwait to reach agreements governing the fields common, and that these committees has made clear progress in their work. "
The ministry added that "the Iraqi people, the campus longer than its oil and gas because of the war and the policies of the former regime," pointing out that "urges paced day for the development and rehabilitation of these resources according to the policy and strategy of modern industrially and technically, and not cause harm to neighboring countries, especially in the common fields."
The ministry said that "Iraq is seeking as a founding member of the Organization of Petroleum Exporting Countries to stabilize the global markets, and strengthen the Organization's role in strengthening the relations and coordination between Aaeda thus contributing to the stability of global markets, and to achieve a balance in the equation of supply and demand for crude oil.
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04/22/2014
The Ministry of Oil in Baghdad, Monday, that the political Iraq aimed at optimal investment for the wealth of oil and gas, without damage to the interests of neighboring countries, stressing the need to sign the agreements regulating investment of common fields, as pointed out that Iraq is seeking to stabilize the global markets and strengthen the role of the Organization of Petroleum Exporting .The oil ministry said in a statement received, "Wi-News", a copy of it, that "Iraq aims through oil policy to the optimal investment for a wealth of oil and gas without damage to the interests of neighboring countries," asserting that "works on the use of oil as a means of convergence and the promotion of international relations, bilateral and development and thus contributing to the development. "
--------------------------------------------------------------------------------
The ministry stressed the need for "the signing of the agreements governing the investment of the common fields in accordance with the international conventions and international standards adopted, and to ensure the right of each party and by extensions of the oil field in its territory," noting that it "took the initiative to form technical committees in common with Iran and Kuwait to reach agreements governing the fields common, and that these committees has made clear progress in their work. "
The ministry added that "the Iraqi people, the campus longer than its oil and gas because of the war and the policies of the former regime," pointing out that "urges paced day for the development and rehabilitation of these resources according to the policy and strategy of modern industrially and technically, and not cause harm to neighboring countries, especially in the common fields."
The ministry said that "Iraq is seeking as a founding member of the Organization of Petroleum Exporting Countries to stabilize the global markets, and strengthen the Organization's role in strengthening the relations and coordination between Aaeda thus contributing to the stability of global markets, and to achieve a balance in the equation of supply and demand for crude oil.
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