Parliamentary Support for Oil Ministry to Boost Revenues and Overcome Fuel Crises

mniraq - The Construction and Development Parliamentary Bloc held a comprehensive meeting with the Ministry of Oil to discuss mechanisms for supporting the oil sector and increasing production and export capacities. The parliamentary delegation praised the efforts that led to oil exports exceeding the three-million-barrel-per-day mark, alongside swift contracts for fuel imports to bolster strategic reserves. The Minister of Oil confirmed the successful export of 70 million barrels in a single month despite regional challenges, highlighting the signing of strategic contracts to transport oil from Basra to Kirkuk for pumping through the Ceyhan pipeline. He also emphasized the importance of attracting investment companies to support the national economy.