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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 is the benefit of Iraq establishing a petrochemical plant in Egypt?!.. An oil expert explains

    Rocky
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    What is the benefit of Iraq establishing a petrochemical plant in Egypt?!.. An oil expert explains Empty What is the benefit of Iraq establishing a petrochemical plant in Egypt?!.. An oil expert explains

    Post by Rocky Fri 19 Apr 2024, 6:46 am

    What is the benefit of Iraq establishing a petrochemical plant in Egypt?!.. An oil expert explains
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    Baghdad today - Baghdad
    the oil expert asked. Nabil Al-Marsoumi, in his publication, today, Friday (April 19, 2024), about the feasibility of Iraq establishing a petrochemical and refining complex in Egypt.
    Al-Marsoumi, in a post on the Facebook platform followed by Baghdad Today, revealed the existence of a study on the idea of ​​establishing a petrochemical and refinery complex in Ain Sukhna, Egypt, adding that such a complex is considered one of the strategic oil industries that Iraq lacks, and what it possesses is considered “obsolete.” very".
    According to Al-Marsoumi, the presence of such complexes in Iraq leads to the formation of an important chain of forward and backward linkages that lead to the development and diversification of the Iraqi economy, providing many job opportunities, obtaining new sources of foreign currency, and reducing the impact of oil price fluctuations on the Iraqi economy.
    Al-Marsoumi expressed his surprise at the thought of establishing this complex, in Egypt and not in Iraq, because this could only happen if the country possessed a sovereign fund through which it would invest some assets in the oil industries, outside the country, as is the case with the Gulf countries, but the situation is different in Iraq is in dire need of these industries at home, not abroad, and it also does not have a sovereign fund, so that it is possible to invest in assets. 
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