Al-Ghadhban confirms Iraq's commitment to the principles of international transparency

Tuesday 17th September 2019 - 15:22

Al-Ghadhban confirms Iraq's commitment to the principles of international transparency

Baghdad - INA

Deputy Prime Minister for Energy and Minister of Oil and Chairman of the Board of Trustees of the Extractive Industries Transparency Authority Thamer Abbas Ghadhban, Iraq's full commitment to the optimal investment of national wealth in accordance with the principles and standards of sound management, and the use of revenues earned in support of economic development.

He stressed during his presidency of the regular meeting of the Board of Trustees of Transparency Industries Issues 67th session, to also commit to the equitable distribution of wealth to the Iraqi people of all spectrums and components, reiterated Iraq's consistent position on the disclosure of oil activity and revenues achieved with high transparency.

 

Ghadhban said: The ministry is keen to reveal monthly through the media, newspapers and official websites about the export quantities achieved from oil fields and export outlets and financial revenues achieved, as well as the announcement of the names of international companies and nationalities, which are contracted in the marketing of crude oil, in addition to disclosure On production and consumption rates and the average price of a barrel through the official website of the ministry.