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Calling for the rejection of the OPEC + decision .. Member of the parliamentary economy offers propo

rocky
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Calling for the rejection of the OPEC + decision .. Member of the parliamentary economy offers propo Empty Calling for the rejection of the OPEC + decision .. Member of the parliamentary economy offers propo

Post by rocky on Fri 24 Apr 2020, 5:38 am

[size=35][size=35]Calling for the rejection of the OPEC + decision .. Member of the parliamentary economy offers proposals to overcome the economic crisis[/size]
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Economie

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2020-04-24 | 05:04
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[size=18]On Friday, a member of the Parliamentary Commission on Economy and Investment presented several proposals in order to reduce the damage caused by the drop in global oil prices, while stressing the importance of Iraq not being a victim of what he called "the adventures of Saudi princes" and irresponsible policies throughout the previous years in the oil sector.



MP [url=https://www.alsumaria.tv/Entity/3604895804/%D8%B9%D8%A8%D8%AF %D8%A7%D9%84%D8%B3%D9%84%D8%A7%D9%85 %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%83%D9%8A/ar/]Abdul Salam Al-Malki said[/url] , in an interview with Alsumaria News, that "the crisis of low oil prices globally and the subsequent decisions of OPEC in reducing the level of production were [You must be registered and logged in to see this link.]  most affected, considering that it depends on individual rent and one of the oil exports by up to 90% Of his total imports in the budget, "warning" that we are facing an economic catastrophe, and this wealth will be wasted due to the irresponsible policies of officials in managing the oil file since 10 years until now, and what has become worse is the catastrophe that happened with [You must be registered and logged in to see this link.]  approval of [You must be registered and logged in to see this link.]  decision [You must be registered and logged in to see this link.]  reduce Production. "







Al-Maliki added, " [You must be registered and logged in to see this link.]  was better suited to rejecting the decision to reduce. On the contrary, it was better to demand an increase in its stake, given that since 1980-2003 he was not issuing his legally due share, and the origin of the economic crisis is currently caused by Saudi attitudes, adventures, and differences with Russia." Therefore, [You must be registered and logged in to see this link.]  is not obligated to pay the price of the policies and adventures of the Saudi princes and be a victim of them and those with them from [url=https://www.alsumaria.tv/Entity/47570/%D8%AF%D9%88%D9%84 %D8%A7%D9%84%D8%AE%D9%84%D9%8A%D8%AC/ar/]the Gulf states,[/url] "noting that" the file of oil management and this wealth requires honest and professional hands and possesses experience, knowledge and ability to develop oil production with national hands only away from companies Foreign marketing and according to th International standards to ensure that our rights are extracted from [You must be registered and logged in to see this link.]  .
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He continued, "According to the recession in the global economy due to the [You must be registered and logged in to see this link.]  crisis and high supply, there is a corresponding lack of demand for oil and an alarmingly low price that threatens the Iraqi economy in a clear and significant way. It has become necessary for the government to compel foreign oil companies to squeeze their spending and reduce it to a minimum. As a first stage, before starting to review these contracts in detail, in a manner that guarantees stopping the waste of public money, stressing that “in the event that it is not possible to reach a formula to amend these contracts, the last solution will be through the termination of those contracts and the transfer of field management and production operations to the national owners of Ensuring the basic wealth of the Iraqi people and regulating the management of oil wealth through legislation for an oil and gas law. " And the Ministry of Oil announced that [You must be registered and logged in to see this link.]  sharing with [You must be registered and logged in to see this link.]  countries

Al-Maliki stressed, "Providing solutions related to the structure and organization of the management of oil wealth is the safest solution to ensure that this money is not wasted, accompanied by solutions in other sectors, some of which are quick and immediate solutions such as activating taxes and customs from border and other strategic and long-term outlets, especially those related to supporting the private sector in all its productive aspects. Agricultural, industrial and tourism. "

He also stressed "encouraging investment companies and exploiting the conditions of the reluctance of most companies during this stage from oil work towards safer and more stable sectors, which gives Iraq the opportunity to contract according to a more mature vision and gives benefits on immediate and long-term levels, leading to freedom from mono rents to maximize the rest of the resources and diversity Sources of income".

[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] Responsible towards correcting the path of the oil market and striking a balance between global supply and demand for crude oil.

The Deputy Prime Minister and Minister of Oil Thamer Al-Ghadban warned, earlier, of the risks facing OPEC's recent decisions to reduce oil production, foremost of which is the lack of commitment by non-OPEC countries to reduce and the continued spread of the [You must be registered and logged in to see this link.]  epidemic .

And [You must be registered and logged in to see this link.]  decided [You must be registered and logged in to see this link.]  according to the OPEC + agreement, to reduce its production by 18%, equivalent to 849 thousand barrels per day.


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    Current date/time is Thu 29 Oct 2020, 10:53 am