The Parliamentary Oil and fuel Committee showed on Wednesday that the Ministry of Oil will quickly conduct numerous licensing rounds with the intention to cognizance on herbal fuel funding, in addition to the establishment and improvement of six oil refineries with a high production capability.
Member of the committee, MP Basem Angimish, said in a announcement to / dinaropinions.com / employer that “the Ministry of Oil is about to conduct a number of licensing rounds, wherein strong global groups will compete to attain investment within the electricity zone for oil and gasoline fields.”
He introduced that “the sixth round will awareness on herbal and associated gas funding, with self-sufficiency to be done inside three years.”
He continued that “the rounds may even encompass signing contracts with corporations specialized within the area of oil refining, by means of establishing and growing six refineries with a high manufacturing capability.”
