Shafaq News / The Ministry of Foreign Affairs announced that 169 Iraqi companies and institutions are now out of the ban of the UN Security Council Resolution 1518, which classified Iraq as a "high risk" country, while seeking to lift the ban on the rest.

In a statement to Al-Sabah newspaper, Ahmed Al-Sahhaf, spokesman for the ministry, said today, Thursday, that the Foreign Minister, after meeting with European counterparts and policy and security officials in the European Union, succeeded to remove Iraq from the list .

He added that the entities covered by the ban extend their work to various sectors such as investment, economy, industry and other sectors, stressing that lifting the ban will support the internal economy and facilitate their cooperation with the government.

On the other hand, Oil Minister Ihsan Abdul-Jabbar revealed an agreement with OPEC and OPEC + group to increase Iraqi oil exports, indicating that the reduction agreement between OPEC countries will continue until the end of 2021.

And on the fields shared with Iran and Kuwait, Abdul-Jabbar revealed that a consulting company is working on developing plans and factors for joint operation of fields between Iraq and Iran, as well as there is a dialogue with Iran in this regard, adding that the ministry is working to develop its companies in Basra and Maysan in order to accelerate the process of investing in common fields.

Abdul-Jabbar explained that his ministry is working to complete these projects within 2025, saying that “we will raise gas production from 2500 to 3000 million cubic feet of gas, pointing out that all gas projects are either currently under implementation or will soon be implemented.