Iraq's Council of Ministers has approved the formation of a new private limited company focused on energy sector investments, with an initial capital of 250 billion Iraqi dinars (approximately $190 million), subject to increase.The founding stakeholders include the State Employee Pension Fund and the Trade Bank of Iraq (TBI), while the Ministry of Oil - through the State Oil Marketing Organization (SOMO) and the State Company for Oil Products Distribution - and the Ministry of Electricity - via the State Company for Electricity Production (Central Region) - are also expected to participate. Additional public or private entities may join the initiative.The move is part of the government's efforts to attract capital, mobilise domestic resources, and support long-term investment in Iraq's critical energy infrastructure. (ICE AMMAN)

Fonte notizia: Stampa Locale