Oil industries achieve sustainable development
[rtl] BAGHDAD - Farah pumice
is a natural resources foundation strong Namwalaguetsada in Iraq, but this requires aninvestment right her, in addition to export operations for »oil and gas», come to activate the oil industry in second place a priority to support the state treasury process, especially with low prices crude oil in the world markets compared to previous years.
considers an economic expert , Dr. Ikram Abdul Aziz, said the activation of these industries to get into the competition for foreign oil products, should also be thecontribution of the private sector, as well as foreign investment.
the hard Iraqi oil reserves are about 112 billion barrels, the making it the second largest oil reservoir known in the world after Saudi Arabia. And make fixed and probable reserves (Iqdramahtml in Iraq by about 150 Milirbrmel) which makes it the second -world countries Baadalmmlkh of Saudi Arabia, and some are expected to exceed thereserves in Iraq , his counterpart in the Gulf states to complete research and exploration in the territory of Iraq , which has not received a geological survey in full.
According to expert to the importance of activating manufacturing policy for Iraqi oil, as it must invest revenue generated in the assigning of other sectors to achieve national sustainable development. Varied industries in Iraq and the Iraqi industry characterized byquality Despite feet factories, machinery and circumstances experienced by Iraq. Among these industries , construction materials, petrochemical, tobacco and leather industry under study plans currently exist to support the domestic industry with the opening of investment and relentless efforts to attract capital.
The recommended economic study seen by the «morning», the need to restructure thenational oil industry internally to achieve the objectives set by the government and parliament in addition to the formation of a national company in this regard, whether inthe form of a holding company that includes public companies to explore and drill oil and the north and south , and the production was Algazao oil company membership configuration.[/rtl]
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