The Board of Directors of Oil Exploration Company held its 9th meeting and approved the proposed investment budget for 2026
The Oil Exploration Company held at Ninawa Hall on Tue. 30/9/2025 its 9th Board of Directors meeting of its 7th session, chaired by the company's Director General, the head of the Board, Dr. Osama Raouf Hussein, and attended by the board members.
During the meeting, the importance of adhering to the timelines for implementing seismic survey programs was discussed, as these are considered a strategic pillar supporting the company's objectives and expanding its scope of work in the field of oil exploration. Ways to enhance integration between the various divisions and departments were also discussed, contributing to improve performance efficiency and develop work environment.
The agenda included a review of the company's financial report, and the board issued several key decisions that solidify the company's position as a key competitor in the exploration sector. The Board also approved the proposed investment budget for 2026.
The meeting concluded with a direction of the Director General, Dr. Osama Raouf Hussein, emphasizing the importance of teamwork and fostering a culture of cooperation and innovation to achieve significant accomplishments that meet the aspirations of the Ministry of Oil and support the future of exploration sector in Iraq.
