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2026-10-14T20:10:12.000Z

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Agreement to Boost Govt Investment in Resources

Agreement to Boost Govt Investment in Resources

The Ministries of Petroleum and Mineral Resources, and Investment and Foreign Trade, signed a cooperation protocol to enhance synergy in promoting investment opportunities in the oil, gas, and mining sectors. The agreement aims to attract new investments, diversify sources of funding, and develop partnership models with the private sector, with the goal of increasing local production, improving the efficiency of oil and mining companies, and achieving greater economic returns from sector assets. The cooperation seeks to support the expansion of projects and to strike a balance between investment and financing policies, thereby strengthening the sector's capacity to grow and compete, while revitalizing investor confidence and attracting increased global investments in related fields.

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