Home
Iraq will retain a huge reserve of oil wealth
07/10/2017 12:00 am [rtl]A call to ensure that the rights of future generations to enjoy the fruits of Baghdad / Emad emirate is characterized by Iraq , up the shelf life of the oil reserves, which is one of the criteria important indicators; reason - according Mokhtchin- to expand the uses of the noble to the development of other industries including petrochemicals in order to achieve rapid economic renaissance of the national economy and to benefit from This wealth will deliver it to future generations to enjoy its benefits. The academic economist Dr. Said Bin for the "morning" that through the preliminary reading of oil reserves, we find that Iraq has the potential to make it the longest life of the default reserves of oil, as estimated life span of Iraqi oil reserves by 164 years, the longest virtual life, which means that Iraq will be one of the few countries to maintain a huge oil reserves. Said explained the need to plan production to reduce the consumption of waste oil, and to direct a proportion of production towards the noble uses of this crude to achieve economic returns to the community far exceeds what is achieved by the traditional use of oil as an energy source. The noble uses of oil primarily use as a raw material in the petrochemical industries and fertilizers, Medical and other. Said said production planning is the only scientific method to prolong the life of oil reserves by linking the levels of production and export the size of the actual reserves to finance economic and social development in a way that ensures the future generations of their rights in this national wealth. He pointed out that Iraq is the first source of oil to put this scientific concept of production planning, and the first to determine the method of translating this concept into a scientific formula proved successful in the application after the process of nationalization of oil, which subjected oil wealth to national sovereignty and provided for the first time in the history of oil-exporting countries Planning the industry at all stages. He added that oil revenues contribute to increase productive investment, improve living standards, expand absorptive capacity, obtain value added and exchange oil development by importing advanced technology, equipment and raw materials for economic projects, paying their revenues from exported oil or paying the dues of investment companies. In Iraq from exporting oil to its countries. The academic economist d. Rahim Hassouni stressed the need to use economic standards when the disposal of financial resources in the field of government investment to achieve the increase in economic growth and diversification of sources of income and not to cut or dependence on the oil sector as a single source. He pointed out in an interview with Al-Sabah that the revenues of this resource must be managed efficiently so as to achieve a fair distribution of public services among all sectors of the society, in light of the social benefit and improving the welfare of all. He stressed the importance of not exaggerating or exaggerating the exploitation of oil as this source of depleted resources, adding that excessive exploitation will lead to the depletion quickly, so the development of this resource on the one hand and the preservation of the rights of future generations when exploiting it are a political and economic responsibility, The real economic progress of a nation comes from the development and development of its human resources, rather than the development of its natural resources. He added that there are examples of this for many countries in this field, which, despite their lack of possession of the oil resource, have managed to create real wealth through the development of their human resources, while the countries that just extracted and sold oil have become a consumer of wealth and not created or developed , And here must be the establishment of strategic projects that would reduce dependence on oil. He stressed that these projects will contribute to the absorption of unemployment rampant in society and generate demand for goods and services reviving factories then increase production and less dependence on the outside in meeting the needs of society, and must be synchronized or preceded by the development and use of alternative sources of energy.[/rtl] [rtl][You must be registered and logged in to see this link.] [/rtl] |
» Parliamentary Finance: Amending the Federal Budget Opens the Way to Change Ineffective Paragraphs
» utube 11/23/24 MM&C Reporting-Expectations are High-IMF-Flexible Exchange Rate Regime-Pr
» utube 11/26/24 MM&C MM&C Iraq News-Central Bank Iraq-Monetary Stability Excellent-Budget Law 2023,
» utube 11/27/24 MM&C The National Union explains the reasons for not legislating the oil and gas
» Mr. Al-Hakim: Oil dependence is an economic problem for Iraq, and decentralization is a guarantee of
» Al-Ziyadi: Amending the Investment Law and the Central Bank’s Interaction Guarantee the Success of t
» Iraq signs Mecca agreement to enhance cooperation in combating corruption and recovering its proceed
» Rights Center: 2024 Census Will Not Change Number of House of Representatives Seats.. Explains Why
» Parliamentary Oil: Amending a paragraph in the budget enhances oil exports and understanding with Ku
» Will Iraq take the adventure of joining BRICS despite American risks?
» MP: Former Oil Minister Blackmailed Main Suspect in Stealing the Century
» Negative impact on the legislation of laws.. Popular movement criticizes the weak performance of the
» Al-Maliki Coalition: Most blocs support amending the electoral law
» The National Union explains the reasons for not legislating the oil and gas law
» Iraq signs two memoranda of understanding with the Arab Tourism Organization
» Parliamentary Committee: Granting investment licenses reduces housing unit prices
» Parliamentary Finance: Amending the budget law will allow for changing useless paragraphs and items
» MP reveals latest developments in Personal Status Law
» Salary scale pushes towards hosting Al-Sudani inside the parliament dome
» Intensive meetings with British BP to develop Kirkuk fields
» "Al-Eqtisad News" publishes the full decisions of the Cabinet session
» Parliamentary Energy: Iraq continues its efforts to diversify gas supply sources
» What is Iraq's connection? Goldman Sachs: OPEC+ cuts may support oil in the short term
» New understandings between Baghdad and Erbil to export oil via Turkish Ceyhan
» Minister of Communications: We will deal with the global parent company Vodafone, not its branch in
» "Pessimism" about Trump's arrival to the US presidency.. Will it affect the Iraqi economy?
» Iraq is the fourth largest Arab country and the 51st largest in the world in the list of the world's
» Parliamentary criticism follows granting Vodafone the national mobile phone license
» Oil Markets: OPEC+ Plans to Increase Production, Trump's Promises Spark Controversy
» Natural barriers to stop desertification in the country
» Parliament Legality to Al-Sabah: Extending the Legislative Session Aims to Pass Important Laws
» The Council of Ministers takes 19 important decisions
» Al-Sudani: We succeeded in sparing Iraq the consequences of conflicts
» 20 schools with international standards in Babylon
» Transport to {Sabah}: One million passengers on board the Green Bird in 4 months
» Agriculture to {Sabah}: Strategic work programs to stop desertification in the country
» Food Basket: Improved Quality, Delayed Distribution
» Parliament extends its term and ends reading of three laws
» Great government achievements.. Model school buildings project
» Parliamentary meeting to discuss four important oil files
» Parliamentary Committee: We support amending the budget law and we submitted a request to add a new
» Al-Sudani stresses the importance of relations between Iraq and Kuwait and the government's efforts
» Al-Sudani leaves Baghdad for Spain on an official visit
» Economist: Non-oil revenues to achieve significant growth in 2024
» Transport signs a consulting contract with an Italian company regarding the first phase of the devel
» Iraqi Exhibitions Announce New Exhibitions Next Month
» Integrity: Iraq signs Mecca Agreement to enhance cooperation in combating corruption
» Despite setting the first session... the talks to form the regional government are at a standstill a
» Speaker of the House of Representatives discusses a number of important national issues with the Pre
» Iraqi oil falls again on third day of trading
» Economist: Iraq has a reliable database and the census does not create development but rather facili
» Decisive moves to propose salary scale amendment under the parliament dome
» To solve the overcrowding crisis, Iraq needs to build 10,000 schools
» 64% of Anbar power plant in Hit completed: A qualitative step to enhance energy
» Minister of Interior: We discussed with the United Kingdom ways of security and intelligence coopera
» The possibility of an Israeli strike on Iraq is increasing.. Will the factions stop the attacks if a
» Halt of Iranian gas supplies threatens operation of power plants in Iraq
» The Presidency of the Region announces: The new parliament will hold its first session on the second
» America: Factions in Iraq expose the country to the risk of instability
» Planning reveals the next step of the census: We will visit these families
» Health: Opening of three new factories to produce various medicines
» Health: Ongoing work to develop and create new specialized centers throughout Iraq
» The House of Representatives completes the first reading of the draft law amending the first three-y
» President of the Republic: The necessity of unifying efforts to establish peace and stability in the
» Al-Mandlawi to Kuwaiti Ambassador: The security of the region is indivisible
» Indian Oil Corporation maintains deal to import Iraqi oil
» Iraq's oil exports exceed 103 million barrels last month
» MP angry over obstruction of defense minister’s interrogation: Files threaten Iraq’s security collap
» Cabinet decisions include those related to “voluntary deduction” and Iraqi airports
» For the first time since 2003, non-oil revenues achieve significant growth during 2024 (tables)
» Find out the dollar prices in the Iraqi markets
» A new suspicion in the railways, its heroes are the “22 billion contract team”.. Signing a contract
» Prime Minister sponsors signing of two memoranda of understanding in the field of tourism
» Parliamentary Finance Committee discusses amending the three-year budget
» "Rich Iraq" seeks "money" to combat methane emissions: internal and external obstacles
» Increase in foreign remittance sales at the Central Bank of Iraq auction
» Its area is 2.5 million acres, and these are its details.. Work begins on a "large" residential city
» Kurdistan Finance delivers employees' salary schedule to the federal government
» Beggars are sweeping the streets of Iraq.. Their numbers are "large" and 90% of them receive welfare
» Settling tax trust claims
» Launching the National School Health Strategy
» Approval to implement service projects in Babylon
» New container handling berths at ports
» Work: Demand for registration in social security
» Reconstruction: Land Bank to be completed next year
» Aiming to enhance services in schools and prevent diseases, the National School Health Strategy for
» Karmian Festival witnesses the conclusion of commercial and industrial contracts
» Focus on the banking sector
» Minister of Trade: Studies Center is a turning point that serves the Iraqi economy
» Economists: Census is a roadmap for development
» Today's newspapers are interested in Al-Sudani's announcement that the population of Iraq exceeds 45
» International Development Bank: Today's incident was an extortion attempt that did not affect our wo
» thirty-sixth session, chaired by the Minister of Planning
» Closed meeting of the Parliamentary Finance Committee to discuss seven files
» The demographic boom in Iraq: an economic opportunity or a social burden?
» Al-Sudani confirms to Russian delegation Iraq's desire to establish a mechanism that brings mutual b
» Parliament holds its session headed by Al-Mashhadani and attended by 168 MPs
» The Iraqi government deducts 1% of the salaries of employees and retirees to donate to Gaza and Leba