The US oil and gas company ConocoPhillips has presented an "ambitious and implementable work program" to increase production at Waha Oil Company during the current year.

According to a statement on the Ministry of Oil's Facebook account on Wednesday, the initiative was put forward by the company's delegation during a meeting with the Minister of Oil and Gas, Mohamed Aoun.

Minister Aoun stressed the importance of continuing bilateral meetings to discuss the challenges facing oil companies, highlighting the importance of the contribution of American companies to oil and gas production operations, given their long experience. 

He also discussed outstanding issues related to the collection of financial obligations and investment plans in the company's fields according to the agreement signed between the two parties.

Aoun emphasized the urgent need for complete transparency, good governance, and compliance with applicable laws in the management of the company's various operations and contracts.