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Oil Minister: Oil prices have begun to recover, and the state’s policy is to support and invest in the gas sector

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Oil Minister: Oil prices have begun to recover, and the state’s policy is to support and invest in the gas sector


Pratha News Agency  85 2020-12-06

On Sunday, Oil Minister Ihssan Abdul-Jabbar confirmed that there is a tendency to support and invest in the gas sector, while he considered that the overlapping powers "hinder" the launch of the fifth licensing round.

"Oil prices have started to recover after reaching $49 per barrel," Abdel-Jabbar said during the oil and gas conference attended by foreign companies.

He added, "The state's policy is to support and invest in the gas sector," noting that

"there is a delay in the crutch gas field."

And the oil minister continued, according to the official news agency, that "the overlapping of powers hinders the launch of the fifth licensing round."

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