Iraq's Oil Ministry announced on Sunday that it has allocated $60m [72 billion Iraqi dinars] from the international licensing contracts sold this year to the development of technical skills amongst Iraqi employees working in the oil sector.
At a press conference in Basra, the training director of the ministry’s technical institute, Ali Rahim Fayyad, told AKnews that 50% of the budget will be used for training personnel working in the field, 25% will contribute to scholarships and internships abroad, and the remaining 25% will be spent improving infrastructure and training facilities.
Oil ministry spokesperson, Nihad Ahmed, said that the ministry will improve infrastructure, and establishing a new petroleum college and a school for drilling along with other specialized training centres.
The Director of Development in the Malaysian oil company Petronas, Mohammed Hashim, told AKnews that his company will work alongside the ministry to develop local engineers to international standards.
The first stage in the plan involves training those responsible for delivering the training program, then sending them abroad to gain experience on oil fields operating around the world.
The training is scheduled to begin early next year.
Iraq Business News carries news of employment opportunities in Iraq, much of it in the oil and gas sector.