Al-Kazemi stresses the development of oil wealth in Iraq and not depleting it

economyIraqoilAl-Kazemi 2021-08-31 08:48A-AA+

Shafaq News/ Prime Minister Mustafa Al-Kazemi stressed on Tuesday the need to develop the country’s oil wealth and not continue to deplete it.

Al-Kazemi said in a speech during the cabinet session that took place today, “We are continuing to work to activate the Future Generations Fund, based on a sense of responsibility towards our children and grandchildren.”

He added, “We want to secure Iraq’s future away from dependence on an unsustainable economy, as oil wealth will not be in control for the rest of its life, and many countries have begun to search for alternative and clean energies.” 

Al-Kazemi continued by saying, “We inherited the oil wealth from our fathers, and we are supposed to develop this great legacy, not just drain it, and deprive future generations of its bounties.”

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