Home
[size=36]Allawi's statement regarding the layoffs provokes angry responses, and experts reveal the truth of his expectations[/size]
political| 07:42 - 26/12/2021
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]
Special - Mawazine News,
Minister of Finance Ali Allawi's statement regarding the possibility of the collapse of the oil market and Iraq's dismissal of its employees sparked angry reactions from large groups of people, while an economic expert revealed the truth of the predictions of the Minister of Finance.
Allawi said during an oil conference, "The transportation sector consumes about 60 percent of the world's oil, but the dependence on that will stop by 2030, after the world moves to the electric car industry and turns the fuel page."
The minister warned of the possibility that Iraq might resort to laying off its employees due to the collapse of the oil market and the failure to implement harsh reforms, which prompted the Iraqi people to respond angrily to the minister, as Muhammad Al-Wadi says, “The statement of the Minister of Finance is realistic, but the question while you are sitting In your bourgeois tower, where are your financial plans to confront a catastrophe that may arise?
Dora Haidar says, "All the statements of the Minister of Finance are against the employees, as if they were taking from his home bank." Hamid Ahmed compares Iraq and Saudi Arabia and says: "Saudi Arabia decided to rely on oil in 2030 by 3% and Iraq did not develop a plan because it does not direct honest people." from 2003".
On the other hand, the economic expert, Nabil Al-Marsoumi, reveals the validity of Ali Allawi’s predictions about the drop in demand for oil. Al-Marsoumi said in an interview with “Mawazine News” that “what the Minister of Finance said about the collapse of the oil markets and Iraq’s dismissal of its employees is a proposal that is not new, as some researchers share the Minister of Finance that 2030 The era of oil will begin to fade and the world will leave it for clean energy sources, especially renewable energy, especially after the tremendous development in the production of electric cars, and that three-quarters of the demand for oil is for the transportation and communications sector.
Al Marsoumi added, “Expectations indicate that electric cars will achieve a compound annual growth rate of 29% over the next ten years. The share of electric vehicles is about 32% of the total market share of new vehicles. In contrast, there are one billion and 47 million vehicles, 50,000 ships and 25,000 civil aircraft that use oil as fuel, which means that it is difficult to displace oil as a source of energy over the next three decades at least, and the available figures support this fact. One-third of the demand for new vehicles is for electric vehicles, and two-thirds of the demand for cars that use oil as fuel, and therefore oil has remained the dominance of energy sources in the world.
He pointed out, "Currently, about 85% of the energy balance limits are for fossil energy, oil, coal and gas, while renewable energy contributes to 15%, and we must also not forget that a third of oil uses is in the petrochemical industry, and this demand is expected to rise over the years." Therefore, oil will remain the primary source of energy, at least at the 2050 limits, as confirmed by OPEC and the Energy Agency."
For his part, the economist Nabil Al-Ali said, “The global production of oil is currently about 100 million barrels per day, and the world consumes 55% of the oil in the transportation sector (cars 25%, trucks 20%, steamships 5%, planes 5%). ) 30% for the general and petrochemical industries, about 10% for heating, and only 5% for the production of electric energy. What matters to us is the direction of the automotive industry towards clean energy, which is still very limited, to this day, which is approximately 10 million electric cars around the world, offset by approximately 1.8 One billion cars run on fuel, which constitutes less than one percent of the total number of cars, and 0.05% of all cars.”
He pointed out, "Some companies are racing to take advantage of the new industrial revolution related to the auto industry to enter the planned market early, and they have set new times to start the new industry, as happened with Volvo, which intends to stop gasoline and diesel cars and go to the manufacture of electric cars by 2033."
He pointed out, "The importance of oil still exists, at least from today until twenty years to come, but it is possible that research on renewable energy will increase and raise its annual growth rate by more than 1% per year in various energy-consuming sectors, and this requires standing by Those in charge of Iraqi politics pay attention to the potential economic and financial risks and benefit from oil revenues to achieve the wheel of economic growth for the country in the various development sectors before it is too late.
Minister of Finance Ali Allawi's statement regarding the possibility of the collapse of the oil market and Iraq's dismissal of its employees sparked angry reactions from large groups of people, while an economic expert revealed the truth of the predictions of the Minister of Finance.
Allawi said during an oil conference, "The transportation sector consumes about 60 percent of the world's oil, but the dependence on that will stop by 2030, after the world moves to the electric car industry and turns the fuel page."
The minister warned of the possibility that Iraq might resort to laying off its employees due to the collapse of the oil market and the failure to implement harsh reforms, which prompted the Iraqi people to respond angrily to the minister, as Muhammad Al-Wadi says, “The statement of the Minister of Finance is realistic, but the question while you are sitting In your bourgeois tower, where are your financial plans to confront a catastrophe that may arise?
Dora Haidar says, "All the statements of the Minister of Finance are against the employees, as if they were taking from his home bank." Hamid Ahmed compares Iraq and Saudi Arabia and says: "Saudi Arabia decided to rely on oil in 2030 by 3% and Iraq did not develop a plan because it does not direct honest people." from 2003".
On the other hand, the economic expert, Nabil Al-Marsoumi, reveals the validity of Ali Allawi’s predictions about the drop in demand for oil. Al-Marsoumi said in an interview with “Mawazine News” that “what the Minister of Finance said about the collapse of the oil markets and Iraq’s dismissal of its employees is a proposal that is not new, as some researchers share the Minister of Finance that 2030 The era of oil will begin to fade and the world will leave it for clean energy sources, especially renewable energy, especially after the tremendous development in the production of electric cars, and that three-quarters of the demand for oil is for the transportation and communications sector.
Al Marsoumi added, “Expectations indicate that electric cars will achieve a compound annual growth rate of 29% over the next ten years. The share of electric vehicles is about 32% of the total market share of new vehicles. In contrast, there are one billion and 47 million vehicles, 50,000 ships and 25,000 civil aircraft that use oil as fuel, which means that it is difficult to displace oil as a source of energy over the next three decades at least, and the available figures support this fact. One-third of the demand for new vehicles is for electric vehicles, and two-thirds of the demand for cars that use oil as fuel, and therefore oil has remained the dominance of energy sources in the world.
He pointed out, "Currently, about 85% of the energy balance limits are for fossil energy, oil, coal and gas, while renewable energy contributes to 15%, and we must also not forget that a third of oil uses is in the petrochemical industry, and this demand is expected to rise over the years." Therefore, oil will remain the primary source of energy, at least at the 2050 limits, as confirmed by OPEC and the Energy Agency."
For his part, the economist Nabil Al-Ali said, “The global production of oil is currently about 100 million barrels per day, and the world consumes 55% of the oil in the transportation sector (cars 25%, trucks 20%, steamships 5%, planes 5%). ) 30% for the general and petrochemical industries, about 10% for heating, and only 5% for the production of electric energy. What matters to us is the direction of the automotive industry towards clean energy, which is still very limited, to this day, which is approximately 10 million electric cars around the world, offset by approximately 1.8 One billion cars run on fuel, which constitutes less than one percent of the total number of cars, and 0.05% of all cars.”
He pointed out, "Some companies are racing to take advantage of the new industrial revolution related to the auto industry to enter the planned market early, and they have set new times to start the new industry, as happened with Volvo, which intends to stop gasoline and diesel cars and go to the manufacture of electric cars by 2033."
He pointed out, "The importance of oil still exists, at least from today until twenty years to come, but it is possible that research on renewable energy will increase and raise its annual growth rate by more than 1% per year in various energy-consuming sectors, and this requires standing by Those in charge of Iraqi politics pay attention to the potential economic and financial risks and benefit from oil revenues to achieve the wheel of economic growth for the country in the various development sectors before it is too late.
[You must be registered and logged in to see this link.]
» A leader in the National Bank: We are committed to the federal decision and to postpone the election
» Al-Hakim: Iraq's future cannot be mortgaged to volatile oil prices
» The conflict of the corridors: the path to development from a historical perspective and the door to
» The Kurdistan Region demands that the federal government spend 1.1 billion dinars.. What is the reas
» Tomorrow, Iraq is preparing to launch a complementary round of gas licensing
» A government move to restore the funds of the Trade Bank of Iraq
» The Central Bank informs France of plans to restructure the banking sector
» A government advisor reveals the fate of the budget tables
» Iranian mediation between Baghdad and Erbil... Revealing the most prominent files of Raisi’s visit t
» Reconstruction and development is a priority.. A parliamentary committee follows up and monitors gov
» Al-Hakim comments on the agreements concluded with Türkiye and confirms: Iraq is on the right path
» Tomorrow... Iraq takes a step that will give it gas equivalent to 200% of imported Iranian gas
» A long and disturbing message.. The Iraqi government “blames” the United Nations because of “other p
» The Governor of the Central Bank and the French Ambassador discuss developments in the banking secto
» Al-Bajari: Iraqi companies will have a great opportunity to work after opening the door to investmen
» Transparency: Imports from Sulaymaniyah and Halabja during the past week amounted to more than 10 bi
» Al-Sudani: The delayed projects left great damage to the level of services in Babylon
» Economist: The fluctuation of the dollar is “the balance of speculators”
» {Al-Furat News} publishes the text of Al-Sudani’s request to Guterres to end UNAMI’s work in Iraq
» A former MP accuses Türkiye of transferring its conflict with the workers to Iraq
» A call to the Sudanese to remove American forces from Iraq
» Oil Parliament: Ankara holds Erbil responsible for the oil fines it owes
» The government is silent...the reality of removing American forces from Iraq
» The radiation protection law in the first session of the next legislative term
» A Spanish company raises controversy and a representative reveals a parliamentary movement against i
» Sudanese officially requests the end of the United Nations mission in Iraq / documents
» Because its sessions were not held, the Kirkuk Council faces a judicial complaint, and its members d
» Former US Chief of Staff: We slaughtered huge numbers of innocent people in Iraq and other countries
» The Association of Private Banks counts the percentage of shares traded on the stock market during a
» The European Union and Iraq agree to increase cooperation between them
» American Bank: Expectations to increase Iraq’s oil capacity in 2025
» Central Bank Governor to the French Ambassador: The plan to restructure government banks will change
» Integrity confirms working to conclude a memorandum of understanding with the Kuwaiti Anti-Corruptio
» Highlights of the Prime Minister's visit to Babylon
» The Minister of Transport discusses with a Turkish delegation the latest developments in the develop
» Free of charge.. Issuing approximately 13 thousand unified cards for those covered by social protect
» A parliamentary committee advises the government to deter trespassers: Slums are one of the reasons
» Embassy Protection confirms to “Baghdad Today”: The missions are safe and we have taken proactive me
» Water resources resolve the controversy of the “Wadi Al-Tea” project.. It will nourish the Hamrin ic
» After approving the National Security Strategy...a parliamentary movement to host “responsible” figu
» Al-Hakim calls for the distribution of plots of land to the families of the martyrs of the Popular M
» Order 160 Committee completes the “port scandals” papers... and searches for a legal outlet for impl
» It revealed the details of its contract with four companies to complete the census requirements... P
» Egypt, Morocco and Qatar praise the Iraqi Integrity proposal to establish the Arab Law Enforcement C
» The Iraqi Parliament enters its legislative recess and requires holding an “extraordinary” session o
» The Sudanese has not rested since the morning.. He carried out 12 activities and allocated a trillio
» Blinken's agent: Erbil is a strategic ally of Washington in a 360-degree relationship
» Oil seeks to convert refinery products to “Euro 5”... high quality and environmentally friendly
» A leader in the framework: There is no need for early elections...the “legislative” elections will t
» Parliament decides to extend its legislative term by 30 days
» Iraq has the tenth worst economic growth in the world during the last 5 years
» Al-Hakim: The future cannot be mortgaged to volatile oil prices
» It will change the reality of Iraqi banks.. Al-Alaq reveals a plan that enjoys Sudanese support
» MM&C 5/9/24 The Federation of Chambers of Commerce and the European Union discuss cooperation to fin
» MM&C 5/9/24 Customs, security and economic aspects
» Union of Arab Banks: Iraq's environment encourages investment
» Government advisor: Movement to recover bad debts for the benefit of the Iraqi Trade Bank
» The International Development Bank announces the opening of its new branch in Erbil
» Oil seeks to convert refinery products to “Euro 5”... high quality and environmentally friendly
» Budget delay: the cry for help for paralyzed services and disrupted dreams
» Oil: Completion of projects to improve the quality of petroleum products, and others are under imple
» Chairman of the Securities Commission: 3 million shares, average daily trading volume
» Tamim calls on the countries participating in the meetings of the Arab Administrative Development Or
» Parliamentary Endowments: 39 thousand pilgrims, Iraq’s share, and waiving the religious obligation i
» Washington refers to Iraqi legislation that “does not harm” his international presence, and Baghdad
» Deputy: Extending the legislative term depends on sending the budget schedules
» Parliamentary Legal: 88 draft laws on the parliamentary shelf
» The head of the movement denies any Iraqi-American negotiations to remove the coalition
» A deputy expects to resolve the issue of electing the Speaker of Parliament next week
» Obtaining the approval of the Minister of Electricity to fill the energy shortage in Dhi Qar
» Economist on the decline in dollar prices: My time and it will not reach its official price
» The Iraqi Ministerial Council for National Security approves the 2024-2028 strategy
» Mulla Bakhtiar: Nechirvan Barzani's visit to Iran melted the ice between Erbil and Tehran
» Password "78"... Why did the Sudanese government's interrogations and noisy sessions decline?
» JP Morgan forecasts an increase in the oil capacity of Iraq and other countries in 2025
» Turkish Minister of Transport: The development road will cost $20 billion
» The Supreme Committee for Reconstruction and Investment approves a package of strategic projects
» Work: Preparing a unified national strategy to create job opportunities for youth
» The Prime Minister's financial advisor reduces the risks of the budget deficit
» Sudanese announces the signing of an agreement with Japan to finance small and medium enterprises in
» Government Advisor: The Securities Commission represents the governance base for promoting financial
» A unified national strategy to create job opportunities for youth
» A one-week deadline to decide the position of Speaker of Parliament
» Parliament: We coordinate with the competent regulatory authorities to examine medicines
» The Commission suspends the Kurdistan Parliament's voting procedures
» $100 million to localize the pharmaceutical industry
» Increase in external remittances at the Central Bank
» A government advisor reduces the risks of a budget deficit
» Culture: We seek to invest in the stability of the country to advance the tourism sector
» Integrity announces the results of a questionnaire on bribery in real estate registration department
» Parliament comments on Sudanese plan to restructure the government apparatus: It needs radical refor
» The dollar rises again against the Iraqi dinar in Baghdad
» Politician: The government does not deal transparently with the issue of expelling the Americans
» A government bank participating in an accounting project
» Masrour Barzani: The Kurdistan Regional Government has implemented all its obligations and duties
» French Consul: France strengthens relations with the Kurdistan Region
» Studies Center: Sudanese faces the challenges of maintaining sustainable relations with the United S
» “The absence of democracy is not possible.” The federal government remains silent on the postponemen