70 British companies visiting Iraq to take advantage of the

[Stillw8n]

70 British companies visiting Iraq to take advantage of the oil boom

70 British companies will visit Iraq next week as part of a government trade delegation led by the British government, seeking to take advantage of the booming oil and gas. The newspaper said that the British delegation will visit Iraq from 22 to 25 October / October now, and will Nazim Zahawi MP for the British Conservative Party’s ruling taking him to Arbil, the capital of Iraqi Kurdistan, in an effort wide to promote trade with Britain.

She said that the appointment of Zahawi at the head of the delegation British comes after 16 months on his election as a member of parliament for the Conservative Party, and being born in Baghdad to parents of Kurdish origin. The newspaper quoted Deputy Zahawi as saying, “Certainly, the Iraqi market will be very important for us and enormous wealth, but it requires extensive work in the field of services and construction and banking services, which are the United Kingdom experiences strong in it. ”

and noted that the visit of Iraq are part of a global campaign launched by the British government on behalf of local companies, and called for under their embassies to focus mainly on promoting trade, especially with the Middle East. said ( Financial Times) The British companies, who will visit Iraq with oil company (Petrofac) a subsidiary of British oil giant BP and other companies for oil and gas services, and hopes to benefit from the boom of natural resources, which enabled the Iraqi Kurdistan to double its oil production to nearly 200 thousand barrels per day.

She added that the Trade and Investment British government organization of the visit, the Committee is concerned about the belief that British companies are well-positioned to take advantage of new revenue expected from the Iraqi oil, and lagged behind the German, French and Chinese in the insurance business there.

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