The Iraqi cabinet has allocated $7.8 billion for oil-producing provinces as part of a development project, Minister of Planning Ali al-Shukri said.
"The amounts are allocated for various economic, social, and service development projects in the housing, education and energy sectors, and for environmental protection projects, treatment of environmental effects caused by oil extraction in those provinces, including the modernization of extraction equipment, control of gases emitted from oil wells and oilfields, and creation of work opportunities for the residents of those provinces," al-Shukri said at a Baghdad press conference.
The allocations are part of a project through which $5 is set aside from the proceeds of each oil barrel to be used for the development of oil-producing provinces, he said.
Al Shorfa
4 June
