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Oil paradoxes
Economical 2023/07/10
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Thamer Al-Haimus,
SOMO Oil Marketing Company, announced that the average price of crude oil exported to Jordan amounted to (58) dollars during the month of June. Thus, Iraq sold one barrel of crude oil to Jordan last month for less than 12 dollars from the official selling price declared by by the Ministry of Oil. These may have been within political contexts since before 2003 due to considerations that still exist until now, and these exceptions may be made due to the absence of the oil and gas law, whose drafts ranged from 16 years ago to be followed, just as the National Oil Company is still almost absent, as it may not have a full owner. about the scope of its powers.
Our neighbors from the West and the North are betting on the strategic and vital relationship of Iraq, as if we are without a sea view, to pay the price for that with pipelines and denials in progress or future projects, and at special prices that cannot be understood economically or financially.
If we had an oil industry, at least any derivatives, the matter would have been more acceptable legally and constitutionally, or the matter could be accepted in light of the recent changes globally and regionally, so that our crude oil would be close to Europe through (Ceyhan and Aqaba). The issue becomes more acceptable.
Perhaps we are the only country in the world whose backbone, arms, and feet are oil, as was evident in our tripartite budget. Perhaps we are comparable to Nigeria or Venezuela, in this excessive dependence. We were not shaken economically when more than half of our waters were cut off, but we tremble with terror as we watch the price of a barrel of oil. Crude oil, for fear that it will fall a little below seventy dollars as a component of our budget, we consider it accurate, as we fear that the budget deficit will worsen. And so we take risks, and extreme caution usually becomes the weapon of risk. The three paradoxes in front of this impasse would not have taken place if we had not ignored the larger law. In any case, it is not more important than the constitution that was legislated within a few months and not sixteen years in the consensual waiting list, according to which the National Oil Company and our oil industry, thanks to which we are still in difficulty Its birth, we import oil derivatives in addition to gas, which was finally found to be wasted.
We hope, after witnessing the last glimmer of the corridor, that these paradoxical gaps will be bridged. The matter will be resolved during this year in order for the visions to become clearer so that the glimmer will be bright, and God is sufficient for us, and He is the best disposer of affairs.
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