Oil Minister Jabbar al-Luaibi said on Friday that gradual privatization of fuel stations and other infrastructure for oil marketing will contribute to improving performance in the sector.
“Privatization does not apply in one go, but it happens in stages,” Al-Luaibi said in an interview with the Sputnik agency on the sidelines of the Petersburg International Economic Forum. “It is a very urgent step and this is important for improving performance.”
The Petersburg International Economic Forum is a world-class venue for business meetings and discussion of major economic issues.
The St. Petersburg Economic Forum is called the Russian Davos Forum, given its size and level of participants.



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