FRANK26: "IRAQ ALSO HAS POTENTIAL FOR A NEW EXCHANGE RATE".

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FRANK26: "IRAQ ALSO HAS POTENTIAL FOR A NEW EXCHANGE RATE".......F26

Al-Sudani: Iraq is an oil and industrial country that has the potential to export products to the region.


5/14/2025

 

Prime Minister Mohammed Shia al-Sudani described Iraq on Wednesday as an "industrial country," not just an oil country, and that it can meet the needs of the local market and countries in the region.

This came in a speech delivered via video link during the inauguration of the steel plant at the General Company for Iron and Steel in Basra Governorate, with a capacity of 600,000 tons annually. He also launched the implementation work for the industrial city in Al-Zubair District, and the Basra Chlorine and Caustic Soda Production Plant Project .

Al-Sudani said in his speech, "Iraq, in addition to being an oil-producing country, is an industrial country that possesses all the ingredients for the emergence of a national industry that meets the needs of the local market. We have qualified to become a country that exports products to the rest of the countries in the region."


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