By John Lee.
Prime Minister Mohammed Shia Al-Sudani chaired a meeting of the Industrial Coordination Council on Monday, in the presence of Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdulghani Al-Sawad, along with several ministers, advisors, business leaders, and representatives of local and foreign companies partnering with the private sector.
The council reviewed the current state of Iraq's industrial sector, its key needs, and agenda items, issuing decisions and guidance accordingly.
Among the matters discussed was a proposal from Chinese firm Tsingshan Holding Group, which expressed interest in dry gas operations at the Basra Industrial City Project, as well as in a sulphur investment project at the "Al-Lazzaka 2" field [Al-Lazakah, Allizaqa] field [in Nineveh Governorate], and in iron ore extraction. Coordination with the Ministry of Oil on these proposals was approved.
The Council also considered potential amendments to Cabinet Decision No. 24413 of 2024 concerning preliminary approvals for the construction of industrial facilities and their entitlement to petroleum products from authorised distribution outlets.
Additionally, the Council referred the matter of reducing the price of liquefied gas supplied to industrial projects to the Ministerial Council for the Economy. It also instructed government service-providing entities to create dedicated digital portals for industrial firms operating on unregistered sites, in order to streamline service access.
(Source: Ministry of Oil)
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