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An economist stresses the importance of gas in maximizing budget revenues
08:40 - 02/09/2020
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Economist Ihssan Al-Kinani stressed the importance of Iraqi gas in maximizing budget resources instead of relying entirely on selling oil, pointing out that [You must be registered and logged in to see this link.] has a large gas wealth that is not properly utilized.
Al-Kinani said to / the information /, that " [You must be registered and logged in to see this link.] has gas in very large quantities, but it is burned and has not been exploited, as the discovered gas represents 10% of what is found within the exploration patches."
He added that "gas can be a substitute for oil in maximizing budget revenues, especially that [You must be registered and logged in to see this link.] depends on oil by more than 85%, while gas can achieve more than 25% of revenues, if it is used properly."
And that "there are external wills and internal failure to exploit gas optimally, as it is assumed that gas stations will increase in order to increase local revenues, as well as to ensure that [You must be registered and logged in to see this link.] does not need to borrow." 25 n
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