Prime Minister Mohammed Shia Al-Sudani recently chaired a key meeting to explore the development of Iraq’s sulphur and phosphate industries, with the goal of enhancing the country’s economic resilience and diversifying its sources of revenue. The meeting included high-level officials, such as the Deputy Prime Minister for Energy Affairs, the Ministers of Oil, Finance, Industry, and Minerals, along with the Governor of the Central Bank of Iraq (CBI).
The discussions centred around leveraging Iraq’s vast mineral reserves, particularly sulphur and phosphate, to strengthen economic security and reduce reliance on oil exports. Prime Minister Al-Sudani emphasized the urgent need to revive investment in these underutilized resources, which have remained largely untapped for many years.
To move forward, a specialized committee, headed by the Prime Minister’s Energy Advisor and consisting of senior officials from both the oil and industry ministries, has been tasked with formulating a comprehensive strategy. The committee is expected to present a detailed plan within one month, focusing on maximizing the production of both associated and mined sulphur and phosphate.
