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Iraq discusses steps to amend the law of the National Oil Company and mechanisms for its development 2021-08-04 09:12 Shafaq News/ Today, Wednesday, Minister of Finance Ali Abdul-Amir Allawi chaired the meeting of the fifteenth session of the committee for preparing the federal general budget strategy for the medium term 2022-2024. The meeting was held in the presence of the head of the General Authority for Monitoring Ministries' Allocations, the Prime Minister's advisors, the two undersecretaries of finance and planning, the ministry's advisor, and the general managers of the ministry and the relevant ministries. In a statement, the Ministry of Finance quoted Allawi as saying: We discussed the steps to amend the law of the National Oil Company and the mechanisms for its development. The statement added, during which they discussed the law of the National Oil Company and mechanisms for developing and enhancing its work functions in line with the vision and objectives of the economic and financial reform program, in addition to discussing the restructuring of the company according to modern and advanced foundations related to standards of efficiency, productivity and economic feasibility. The report submitted by the Ministry of Commerce regarding its strategic vision related to the plan to revive foreign trade was followed up according to the priorities of the reform plan to revitalize the Iraqi economy and provide various stimulating development opportunities with positive returns to maximize public revenues for the next stage, according to the statement.