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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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    What Are The Repercussions Of Raising Black Oil Prices? An Economist Answers

    Rocky
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    • Post n°1

    What Are The Repercussions Of Raising Black Oil Prices? An Economist Answers Empty What Are The Repercussions Of Raising Black Oil Prices? An Economist Answers

    Post by Rocky Mon Apr 11, 2022 7:13 am

    [size=38]What Are The Repercussions Of Raising Black Oil Prices? An Economist Answers
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    LAST UPDATE 04/10/2022 | 4:24 PM
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    Information / Baghdad..
    On Sunday, economist Nabil Al-Marsoumi warned of the repercussions of raising black oil prices on the cement and asphalt industry and the level of unemployment in Iraq.
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    Al-Marsoumi said, in a Facebook post seen by / the information /, that “the decision of the Ministry of Oil to raise the prices of black oil will lead to damage to the cement industry, especially because it will raise production costs and make importing clinker from Iran more feasible than using black oil, which is what is happening now, which is This will increase the foreign currency leakage abroad.
    He added, "The cement industry, which is currently achieving high rates of self-sufficiency, will suffer in favor of foreign cement, which will crowd out Iraqi cement, which will increase the costs of building and construction, and asphalt factories will suffer, whose production costs will rise, and this will lead later to reduce production and lay off workers in asphalt and cement factories in At a time when unemployment rates are rising and prices are rising to unprecedented levels.” finished/25h
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