President Emphasizes Long-Term Strategic Vision for Oil Management

President Nizar Amidi emphasized today, Monday, the necessity of adopting a long-term strategic vision for managing the country's oil wealth. This came during his meeting with Oil Minister Basim Mohammed Al-Abadi at the Peace Palace in Baghdad, where they discussed the current state of the oil sector and plans aimed at increasing production and supporting investment in natural resources. Amidi stressed the importance of developing the oil sector by modernizing infrastructure, enhancing production capacities, and improving the efficiency of refineries and processing industries to optimize resource use and support economic diversification. He also highlighted the need to leverage expertise and modern technologies to safeguard the rights of future generations and strengthen the country's position in global energy markets. Meanwhile, the Oil Minister reviewed key plans and projects being implemented by the ministry to advance the sector, expressing appreciation for the president's attention to energy and national economic issues.