Ministry plans symposium to overcome hurdles

Oil Ministry looks to face challenges of reaching 12.5 million bpd by bringing together its staff, other ministries, and officials from international oil companies.
Abdul Mahdi al-Ameedi, acting chief of the Iraqi Petroleum Contracts and Licensing Directorate, shakes hands with Exxon Mobil Upstream Ventures president Richard Vierbuchen following the signing of a preliminary oil agreement in central Baghdad, on November 05, 2009. (SABAH ARAR/AFP/Getty Images)

BAGHDAD - In an upcoming symposium for foreign companies, Iraq will look to overcome obstacles to oil sector development and streamline the activities of the international oil companies pouring tens of billions of dollars into the country over the coming two decades.

Abdul Mahdi al-Ameedi, the director general of the ministry's Petroleum Contracts & Licensing Directorate, said the ministry will be "inviting all the contractors, all the companies, and some relevant authorities in Iraq and ministries as well as the local governments."

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