Iraq names oil min­is­ter as head of new Na­tional Oil Com­pany

Tehran Times - - ENERGY -

Iraq’s govern­ment has named Oil Min­is­ter Jabar al-Luaibi as head of a new Na­tional Oil Com­pany which will serve as an um­brella or­ga­ni­za­tion for state oil firms, an oil min­istry spokesman told Reuters on Thurs­day.

Par­lia­ment voted in March to es­tab­lish the com­pany, which is meant to man­age Iraq’s up­stream op­er­a­tions, free­ing up the min­istry to set plans and strate­gies for de­vel­op­ing the sec­tor.

The de­ci­sion was voted on unan­i­mously in cabi­net last week, spokesman Asim Ji­had said. The po­si­tions of oil min­is­ter and Na­tional Oil Com­pany chief are not re­lated, he added.

“The ap­point­ment de­ci­sion was made for many rea­sons, in­clud­ing the ex­pe­ri­ence Luaibi has,” Ji­had said. Luaibi will also re­main as oil min­is­ter in Prime Min­is­ter Haider al-Abadi’s out­go­ing govern­ment, he said.

Iraqi Pres­i­dent Barham Salih named for­mer oil min­is­ter Adel Ab­dul Mahdi as prime min­is­ter-des­ig­nate ear­lier this month and tasked him with form­ing a new govern­ment. It is un­clear if Luaibi will re­main af­ter that.

“The is­sue of se­lec­tion of a new min­is­ter is the re­spon­si­bil­ity of the prime min­is­ter-des­ig­nate. Any­thing is pos­si­ble, we will wait and see,” said Ji­had.

Luaibi re­mains a min­is­ter un­til a new govern­ment is formed and ap­proved by par­lia­ment, he said.

Newspapers in English

Newspapers from Iran

© PressReader. All rights reserved.