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Baghdad oil exhibition attracts foreign business to Iraq

(10 Sep 2023)
RESTRICTION SUMMARY:

ASSOCIATED PRESS
Baghdad, Iraq - 10 September 2023
1. Close of sign (English) “Petro China.”
2. Various of visitors at the Petro China section at the exhibition
3. Sign (English) “Kunlun Digital Technology Co., Ltd
4. Various of participants at the exhibition
5. SOUNDBITE (English) Johnson Ji, Middle East sales director, Kunlun Digital Technology Co:
“We hope to give our support to Iraqi market and focus on North and south of Iraq, so we hope we have great cooperation with Iraqi oil company and other companies since Iraqi market is very important we hope we can support this market for the future.”
6. Wide of LUKOIL company section
7. Sign “LUKOIL"
8. LUKOIL company section at the fair
9. Iraqi Oil Minister Hayyan Abdul Ghani at podium
10. SOUNDBITE (English) Hayyan Abdul Ghani, Iraqi Oil Minister:
“The Ministry of Oil will support all companies in order to make these tours a success via facilitating all necessary procedures for the work of these companies in the Iraqi governorates, such as contracts and exploration areas.”
11. Various of visitors looking at an oil refinery model on display at the exhibition
12. Egyptian maintenance company section at the exhibition
13. Sign (Arabic) “Egyptian Maintenance Company.”
14-. SOUNDBITE (Arabic) Mohamed Adel, Projects Manager, Egypt Maintenance Company:
“We have been working in Iraq for the past 12 years. We started our first project in 2012 and we have been here since then. Iraq is our second country, and the security situation is above excellent.”
15. Various of visitors walking into exhibition centre
STORYLINE:

Foreign and local oil companies have been participating in Iraq’s first oil exhibition on Sunday.

The companies are showcasing their products and services at the exhibition.

The exhibition, known as the “Conference and Exhibition for Oil Projects and Licensing Rounds In the Field of Oil and Gas," aims to attract foreign investment and expertise to revive the oil industry which was damaged by wars and international sanctions.

Iraqi's oil ministry wants to increase production of oil and gas to generate more electricity in the country.

There are regular power cuts which add to people's woes.

Despite being an oil producer there are fuel shortages and increasing demand for electricity during the hot summer months.

Despite billions of dollars being spent on grid repairs since the 2003 US-led invasion, Iraqis rely on local generators for electricity during power outages.

The conference is an important gateway for oil companies seeking to expand their business in Iraq.

AP Video by Ali Jabar
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