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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Phosphate..a precious resource absent from the scene of the Iraqi economy

    Rocky
    Rocky
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    Phosphate..a precious resource absent from the scene of the Iraqi economy Empty Phosphate..a precious resource absent from the scene of the Iraqi economy

    Post by Rocky Mon 08 Nov 2021, 5:42 am

    [size=52]Phosphate..a precious resource absent from the scene of the Iraqi economy[/size]

    [size=45]The Anbar desert, in western Iraq, represents a “rich” patch of various precious and rare minerals and elements. At the top of these wealth is the phosphate mineral, of which Iraq possesses quantities equivalent to 9% of the world’s reserves as the second largest country in phosphate reserves, while the Ministry of Industry recently announced the seizure of New “enormous” reserves of phosphate exceed 7 billion metric tons, in addition to two billion tons, stressing that they have not been invested so far and are incubated by 4 fields, all of which are located in Anbar Governorate.[/size]
    [size=45]The Assistant General Manager of the General Phosphate Company, Ihsan Ali Saleh, says, “The chemical complex in the General Phosphate Company includes a number of integrated and interconnected plants to produce phosphate fertilizers as a final product. Sulfuric, phosphoric acid production plant, industrial services units, fertilizer plants, ammonia plant, fluorine salts plant, and circulation unit.[/size]
    [size=45]He added in an interview with (Al Mada) that "the purpose of these plants is to produce mono-ammonium fertilizer as an intermediate product, super phosphate fertilizer and compound fertilizers," noting that "all these plants have been suspended from work and production since June 2014 until now, as they were subjected to theft and destruction in addition to The damage caused during the military actions that accompanied the operations to regain control over the areas of western Anbar.[/size]
    [size=45]With regard to the issue of mineral investment, Saleh considered that “this matter needs careful and careful study to avoid making mistakes that are difficult to overcome in the future, especially after contracting,” stressing that “the delay in issuing the amended mineral investment law affected the process of proceeding with the issue of investment, but after the follow-ups and efforts of the ministry in His way to resolve and come up with a law that guarantees the rights of all parties and guarantees the preservation and optimal investment of the country’s wealth.”[/size]
    [size=45]Saleh pointed out that “the phosphate fertilizer industry is one of the economically viable industries that recover the amounts of its investment in good terms compared to other industries,” and with regard to the issue of prices, “fertilizer prices are linked with the prices of raw materials in the international stock exchange, yet it remains a viable and profitable industry,” he said. saying.[/size]
    [size=45]investment obstruction[/size]
    [size=45]Muayyad al-Dulaimi, a professor of media at the University of Anbar, says that “the delay in investing minerals such as gas and phosphate in Anbar Governorate is not due to an investment law or other laws, but that there are internal and external political agendas that work to obstruct investment and re-industry so that Iraq remains a consumer country in which all production operations stop.” And weaken its economic capabilities to remain a weak country.”[/size]
    [size=45]Al-Dulaimi added in his speech to (Al-Mada) that “Al-Anbar governorate includes many areas that can invest and generate for Iraq, not Al-Anbar governorate, billions of dollars like gas that was discovered in various regions in western Iraq,” stressing that “the phosphate plants in Akashat are still suspended. Because of the many obstacles put in place by the central government.”[/size]
    [size=45]He pointed out that "there are Bulgarian exploratory committees that discovered in Anbar Governorate in 2008 a lot of minerals such as sand glass, iron and phosphates. There are even indications of the presence of uranium in the western Anbar desert, and it was possible to invest them, but unfortunately the central government has obstructed these projects and until now it is still an obstacle. to invest in these areas.[/size]
    [size=45]As for the economic expert, Basem Jamil, he believes that “if there is no attractive investment and legal environment and the absence of extortion, red tape and bureaucracy, then any investment operations will not proceed normally.”[/size]
    [size=45]In his speech to Al-Mada, Jamil stressed, "the need to keep investment away from the political influences that exploit the entry of foreign companies to achieve their goals through harassment of the investor."[/size]
    [size=45]Investment law enforcement[/size]
    [size=45]Professor of Economics at the University of Anbar Ali Abdul-Hadi says that “the problem is not in the Iraqi National Investment Law, although there are some loopholes and the need for some amendments, but the missing link is in activating the investment of mineral resources, including phosphates and gas.”[/size]
    [size=45]Abdul Hadi added to (Al-Mada) that "Al-Anbar is considered a mine of minerals, mineral wealth, oil and gas in Iraq and contains huge and very large reserves of the finest types. The main problem in the process of any investment is related to the security aspect, in addition to the issue of rampant corruption."[/size]
    [size=45]He stressed the lack of clarity in the strategic vision of how to invest these wealth and minerals, and the phosphate plants are still present and the labor cadre is still in them, but they have stopped working for political and security reasons, considering that the investment of these wealth works to revitalize many other sectors, including the agricultural sector as the first tributary that benefits from Phosphate products, not to mention providing many job opportunities, in addition to increasing the revenues of financial resources in foreign currencies through export operations, and creating an atmosphere of competition.[/size]
    [size=45]For his part, the Adviser to the Anbar Governor for Reconciliation Affairs, Ghassan Al-Ithawi, called on the Iraqi government to rehabilitate the phosphate plants, operate the glass and ceramic plant, and other production factories that have been suspended in the province, and not to impede investment operations imposed by foreign wills that do not want Iraq to return to its normal state.[/size]
    [size=45]Al-Ithawi confirmed to Al-Mada that the cessation of these projects greatly affected the standard of living of families, and that the disguised unemployment rates in the governorate are very high, reaching 70%, calling on the Ministry of Industry and the central government to rehabilitate the factories to advance the economic reality and enhance self-sufficiency and trade exchange with countries neighbourhood.[/size]
    [size=45]It is the responsibility of the Iraqi government today to resume production operations and invest this wealth because the huge phosphate wealth needs serious and realistic operations to advance the economic reality that Iraq needs today.[/size]
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