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An economic specialist to / Nina /: The money spent to import fuel is enough to build advanced facilities for its production
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[rtl]Baghdad / NINA / - The specialist in economic affairs, Ali Jabbar Al-Fariji, confirmed that the amount of money spent to import gasoline and gas oil (kerosene) for the years since 2005 is estimated at more than 32 billion dollars.
Al-Fraiji said in a statement to the National Iraqi News Agency / NINA / that "the energy equation in Iraq is unbalanced, it cannot be in the body of a regular economy, and in a country like Iraq owns 11% of the world's oil reserves, and the No. 2 source in OPEC."
He pointed out that "the amount of money that was spent to import (gasoline and kerosene), would have been sufficient to build advanced facilities for the production of the two substances and other derivatives to cover Iraq's need and export from it."
Al-Fraiji called on the Ministry of Oil to invest in the rise in global oil prices and take advantage of international companies to invest crude oil in oil derivatives and leave importing from neighboring countries. / End 8[/rtl]
Al-Fraiji said in a statement to the National Iraqi News Agency / NINA / that "the energy equation in Iraq is unbalanced, it cannot be in the body of a regular economy, and in a country like Iraq owns 11% of the world's oil reserves, and the No. 2 source in OPEC."
He pointed out that "the amount of money that was spent to import (gasoline and kerosene), would have been sufficient to build advanced facilities for the production of the two substances and other derivatives to cover Iraq's need and export from it."
Al-Fraiji called on the Ministry of Oil to invest in the rise in global oil prices and take advantage of international companies to invest crude oil in oil derivatives and leave importing from neighboring countries. / End 8[/rtl]
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