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Ministerial Energy Council urges Progress on Refineries

By John Lee.

At the most recent meeting of Iraq’s Ministerial Energy Council, headed by Oil Minister Ihsan Abdul-Jabbar Ismail, the Council decided that the South Refineries Company (SRC) should “take the necessary steps” to develop the Shuaiba refinery in Basra Governorate.

It also urged the acceleration of work on the 140,000-bpd Karbala oil refinery, and recommended the study of the final steps for the development and expansion of the Al-Diwaniyah Refinery.

(Source: Ministry of Oil)

The post Ministerial Energy Council urges Progress on Refineries first appeared on Iraq Business News.

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Iraqi Cabinet Approves Loans from Saudi Arabia

By John Lee.

The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi, at which it agreed to:

  • Authorise the Ministry of Labour and Social Affairs to coordinate with the Ministry of Youth and Sports on the implementation of the National Project for Youth Employment
  • Approve the financial conditions of two loans from the Saudi Fund for Development, and to authorise a representative of the Ministry of Finance to sign the necessary contracts for the construction of a silo for wheat storage in Diwaniyah and the Saqlawiya Hospital in Anbar
  • Authorise the Director General of the Civil Aviation Authority to negotiate and sign a draft air transport agreement between the Republic of Iraq and the Kingdom of Bahrain, as amended by the State Council

(Source: Govt of Iraq)

The post Iraqi Cabinet Approves Loans from Saudi Arabia first appeared on Iraq Business News.