Today, Thursday, the Ministry of Oil and Gas announced in a statement that it supports every initiative of the oil development plan that was approved by the Prime Minister at the celebration that was held on Wednesday evening, stressing that it supports all initiatives and plans that would increase production and stresses the need to fully comply with the legislation in force regulating the oil sector in this regard.
This came despite the lack of involvement of the Ministry of Oil and Gas in preparing the national plan for the development of the oil and gas sector, which, pointing out that it is at the core of the tasks entrusted to the ministry, is the development of policies and strategic plans related to the oil and gas industry and its integration with the general policies of the state and with sectors in the investment of oil wealth and its proper exploitation and development, securing the needs of the local market of petroleum and gas derivatives and increasing production capacity in accordance with local and global standards.
The ministry also emphasized, during its statement, the improvement of the material level of the sector’s employees, who are the main pillar of the oil and gas sector, noting that they work in the most difficult conditions and have not been rewarded with a fair reward for what they offer or offer.
The ministry added that it seeks to involve the private sector in order to diversify the domestic product, provide national food security and reach self-sufficiency through a number of approvals for local and foreign investors, to provide them with the required quantities of crude oil for investment projects or supply them with gas in accordance with the legislation in force in the country, and standards and controls determined by the Ministry of Oil and Gas in coordination with other ministries and sovereign bodies related to investment and the oil and gas industry.