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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iraq's largest attractive to invest in natural resources

    Rocky
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    • Post n°1

    Iraq's largest attractive to invest in natural resources Empty Iraq's largest attractive to invest in natural resources

    Post by Rocky Sun 20 Jul 2014, 5:31 am

    Iraq's largest attractive to invest in natural resources

    7/20/2014 0:00

    BAGHDAD - Farah pumice

    Investment is the natural resources of the business mission which supports the diversification of revenue of the state budget, as it confirms the importance of the experts in the economy to attract investments in this area, and the use of modern technology to help form factors to support the development process in the country.

    Economic expert, Dr. Majid picture of the natural resources in the country is very large, as it constitutes a third of oil reserves in the region, as well as gas reserves, seed ranked 12 globally, along with other resources scattered across the Iraqi provinces.

    Iraq has many natural resources, mainly oil and concentrated presence in the southern provinces, as it constitutes revenue approximately 80-90 percent of the state budget, he also has the third largest reserves of crude oil after Saudi Arabia and Canada, in addition to owning natural gas (LNG), and phosphate, sulfur , iron, mercury and red.

    He said in a statement the "morning": that "according to the plan of the national strategy for the energy they confirm that efforts are being made in a very large in order to improve these resources to get the biggest financial benefit of them," calling for guidance efficient of these resources and how to manage the money arising therefrom, to Besides providing the necessary infrastructure, including electrical power, especially it affect Iraq's relations with foreign countries invested.

    And see the picture that Iraq would be one of the first countries attracting investment process in the world in the field of natural resources, an anchor on several factors, including out of Chapter VII, and access to international relations real equal, as well as using all kinds of technology, are all factors that help the process of development and attracting investment in the country. "

    The expert appearance of Mohammed had said in an earlier statement: "It should be at the current stage to diversify the country's economy in the announcement of the rounds special licenses minerals after conducting geological surveys in areas where materials phosphate, sulfur and other minerals," noting that the aim of conducting the survey is to give exact numbers that represent the real reserves of all important minerals in the country.

    Urged to develop an investment strategy to arrange raw materials from global companies to achieve mutual benefits fair contracts serve the stability of Iraq, including exports, stressing the importance of addressing these materials and improved to mind supplementary materials, in addition to being the raw materials involved in various industries.

    He believes that the diversification of the economy of natural resources represents a convenient option which must be exploited in an optimal way attract investors and maximize returns, noting that Canada and Australia, most of the countries that adopted in its economy on natural resources where it has achieved a solid economy.

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