Ministry of Oil

The Ministry of Oil is a government department responsible for managing a country’s oil resources, including exploring, producing, refining, and distributing petroleum products. It establishes policies, oversees national oil companies, and ensures energy security. The ministry also works to promote sustainable development of oil and gas industries, regulate pricing, and coordinate with international partners. Its role is crucial for a nation’s economy, as oil often constitutes a significant source of revenue and energy supply. Overall, it ensures the efficient and strategic management of petroleum resources to support national interests and economic stability.