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[size=36]A government consultant calls for implementing the Mexican experiment to cope with the collapse in oil prices[/size]
Political | 08:47 - 30/04/2020
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BAGHDAD - Mawazine News
, Abdul Hussein Al-Hanin, Advisor to the Prime Minister, Adel Abdul-Mahdi, on Thursday called for the application of the Mexican experiment to face the collapse of oil prices.
Al-Hanin said, in his article, that "in short, we can guarantee the presence of a ready and guaranteed buyer of oil. And the experience of the collapse of the current oil prices from which no one was spared except Mexico (from which some countries were previously ridiculed before the current collapse of oil prices). It sold its oil at a fixed price that was lower than the market price in the days of high prices, while today it is considered an imaginary price in favor of Mexico compared to the current prices. "
He added, that this experience should teach us a useful and important lesson. Therefore, I call for: -
Extending the agreement with China to reach the number between (300-500) thousand barrels of oil per day and with it the projects will expand.
- Begin to conclude similar agreements with other advanced countries, such as (the United States, France, South Korea, India, and Egypt)
- start broad negotiations to sell part of Iraq’s exports to Iraq (according to the experience of Mexico) at a fixed price and for a period of no less than 20 years to ensure a steady income for Iraq, and we leave The rest of the factors of supply and demand in the market and this may push Iraq out of OPEC, and it may be the right time will be after the return of oil prices to rise again.
- Amending the oil investment law that was born dead in 2007, because it is free from factors that attract investors to build refineries and other oil projects, and that the reason for the death of the law is the unconscious mind that dominates the minds of the political class but rather most of the Iraqi public, and I do not claim a discovery if I say The price of a barrel will multiply several times if it turns into petroleum products or petrochemical commodities.
- Launching Iraqi gas investment, and that the wait will carry us more losses and regret, but this file must be removed from the political and partisan controversy. Ended 29 / A 43
, Abdul Hussein Al-Hanin, Advisor to the Prime Minister, Adel Abdul-Mahdi, on Thursday called for the application of the Mexican experiment to face the collapse of oil prices.
Al-Hanin said, in his article, that "in short, we can guarantee the presence of a ready and guaranteed buyer of oil. And the experience of the collapse of the current oil prices from which no one was spared except Mexico (from which some countries were previously ridiculed before the current collapse of oil prices). It sold its oil at a fixed price that was lower than the market price in the days of high prices, while today it is considered an imaginary price in favor of Mexico compared to the current prices. "
He added, that this experience should teach us a useful and important lesson. Therefore, I call for: -
Extending the agreement with China to reach the number between (300-500) thousand barrels of oil per day and with it the projects will expand.
- Begin to conclude similar agreements with other advanced countries, such as (the United States, France, South Korea, India, and Egypt)
- start broad negotiations to sell part of Iraq’s exports to Iraq (according to the experience of Mexico) at a fixed price and for a period of no less than 20 years to ensure a steady income for Iraq, and we leave The rest of the factors of supply and demand in the market and this may push Iraq out of OPEC, and it may be the right time will be after the return of oil prices to rise again.
- Amending the oil investment law that was born dead in 2007, because it is free from factors that attract investors to build refineries and other oil projects, and that the reason for the death of the law is the unconscious mind that dominates the minds of the political class but rather most of the Iraqi public, and I do not claim a discovery if I say The price of a barrel will multiply several times if it turns into petroleum products or petrochemical commodities.
- Launching Iraqi gas investment, and that the wait will carry us more losses and regret, but this file must be removed from the political and partisan controversy. Ended 29 / A 43
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