Home
Activating the productive sectors to cope with lower oil prices
9/5/2016 0:00
[rtl]BAGHDAD / Shokran Fatlawi
represents a diversification of revenue from non - oil exports arm dolly economy and bumper protective of the budget of the decline in oil revenues and avoid impacts on theeconomies of countries that depend on it, which requires immediate action, to reduce the negative effects on the unilateral economies effects as in Iraq, as well as the need toreduce production, especially the major producers in the market not to mention the need to try to freeze production quotas for members of «OPEC» others
oligopoly academics and experts participated in the talk show economic symposium organized by the Al - Mustansiriya University and attended by «morning» Wednesday stressed the need to be brought under control on the big slides in oil prices by reducing production, especially the major producers in the market, namely Saudi Arabia and Russia, trying to freeze production quotas for members (OPEC) and other work on thediversification of exports and production base to avoid repercussions on the single economies side as well as the need to reduce spending, accompanied by work on activating the industrial and agricultural sectors and Gaza Tourism in particular. promised academic from the Faculty of administration and economy d. Faleh Ngemc Mattar al -Zubaidi with a group of academics and experts of oil and the economy, as a commodity strategy can no country can do without them, indicating that the oil producers of the key walk in the world within the so - called market monopoly of a few. Zubaidi said that theoligopoly, meaning the production of a small number of producers, commodity homogeneous in terms of type, explaining the advantage of this market as if a producer wants to raise the price of this item will be the reactions of the other producers either keep pace with this rise and raise the price, or still retains low price levels in order toachieve superior price reached its rival , which raise the price. supply and demandhovering oil prices crude is currently on the level of 40-50 dollars per barrel, having tumbled from above $ 115 in June 2014 to less than $ 30 a barrel last January, due to a glut global supply and not to freeze production , as expected , in one of the meetings «OPEC» the latest. with regard to lower oil prices Zubaidi said that oil, like any other commodity control was worth the supply and demand forces, pointing out that the gap between these two forces sometimes increased with increasing demand for oil and reduce production or supply of it in the market, and vice versa shrinking gap increased supply and slowing demand, indicating that oil companies , monopolistic big they are controlling the price of oil during the period before the seventies of the last century , but the situation changed a lot after the second decade of the founding of «OPEC» (ie since the seventies) , the United States and the shift from oil exporter to importer and thelargest and richest country in the the world from the economic. alternative energy and added that the factors affecting the price of oil and the demand for it, summed up in therate of economic growth in the world Whenever there was an economic boom increased demand for oil and therefore prices rose, as well as population growth rates , which isproportional to the price of oil, not to mention the political situation in the exporting and consuming countries, and the trend towards alternative energy sources. Russia supports determine the crude oil production in an attempt to install the prices at acceptable levels in all producing and consuming sides. great Depression Iraq seeks to take measures that will mitigate the decline in world oil prices the budget by working on activating the role of the private sector and relying on local produce and increase non - oil exports and activating the agricultural and industrial production and interest in the tourism sector «religious, recreational and archaeological» which would reduce dependence on oil as aresource unilateral budget and contribute to maximize the fiscal revenue of the country.[/rtl]
[rtl][You must be registered and logged in to see this link.][/rtl]
» Parliamentary Finance: Amending the Federal Budget Opens the Way to Change Ineffective Paragraphs
» utube 11/23/24 MM&C Reporting-Expectations are High-IMF-Flexible Exchange Rate Regime-Pr
» utube 11/26/24 MM&C MM&C Iraq News-Central Bank Iraq-Monetary Stability Excellent-Budget Law 2023,
» utube 11/27/24 MM&C The National Union explains the reasons for not legislating the oil and gas
» Mr. Al-Hakim: Oil dependence is an economic problem for Iraq, and decentralization is a guarantee of
» Al-Ziyadi: Amending the Investment Law and the Central Bank’s Interaction Guarantee the Success of t
» Iraq signs Mecca agreement to enhance cooperation in combating corruption and recovering its proceed
» Rights Center: 2024 Census Will Not Change Number of House of Representatives Seats.. Explains Why
» Parliamentary Oil: Amending a paragraph in the budget enhances oil exports and understanding with Ku
» Will Iraq take the adventure of joining BRICS despite American risks?
» MP: Former Oil Minister Blackmailed Main Suspect in Stealing the Century
» Negative impact on the legislation of laws.. Popular movement criticizes the weak performance of the
» Al-Maliki Coalition: Most blocs support amending the electoral law
» The National Union explains the reasons for not legislating the oil and gas law
» Iraq signs two memoranda of understanding with the Arab Tourism Organization
» Parliamentary Committee: Granting investment licenses reduces housing unit prices
» Parliamentary Finance: Amending the budget law will allow for changing useless paragraphs and items
» MP reveals latest developments in Personal Status Law
» Salary scale pushes towards hosting Al-Sudani inside the parliament dome
» Intensive meetings with British BP to develop Kirkuk fields
» "Al-Eqtisad News" publishes the full decisions of the Cabinet session
» Parliamentary Energy: Iraq continues its efforts to diversify gas supply sources
» What is Iraq's connection? Goldman Sachs: OPEC+ cuts may support oil in the short term
» New understandings between Baghdad and Erbil to export oil via Turkish Ceyhan
» Minister of Communications: We will deal with the global parent company Vodafone, not its branch in
» "Pessimism" about Trump's arrival to the US presidency.. Will it affect the Iraqi economy?
» Iraq is the fourth largest Arab country and the 51st largest in the world in the list of the world's
» Parliamentary criticism follows granting Vodafone the national mobile phone license
» Oil Markets: OPEC+ Plans to Increase Production, Trump's Promises Spark Controversy
» Natural barriers to stop desertification in the country
» Parliament Legality to Al-Sabah: Extending the Legislative Session Aims to Pass Important Laws
» The Council of Ministers takes 19 important decisions
» Al-Sudani: We succeeded in sparing Iraq the consequences of conflicts
» 20 schools with international standards in Babylon
» Transport to {Sabah}: One million passengers on board the Green Bird in 4 months
» Agriculture to {Sabah}: Strategic work programs to stop desertification in the country
» Food Basket: Improved Quality, Delayed Distribution
» Parliament extends its term and ends reading of three laws
» Great government achievements.. Model school buildings project
» Parliamentary meeting to discuss four important oil files
» Parliamentary Committee: We support amending the budget law and we submitted a request to add a new
» Al-Sudani stresses the importance of relations between Iraq and Kuwait and the government's efforts
» Al-Sudani leaves Baghdad for Spain on an official visit
» Economist: Non-oil revenues to achieve significant growth in 2024
» Transport signs a consulting contract with an Italian company regarding the first phase of the devel
» Iraqi Exhibitions Announce New Exhibitions Next Month
» Integrity: Iraq signs Mecca Agreement to enhance cooperation in combating corruption
» Despite setting the first session... the talks to form the regional government are at a standstill a
» Speaker of the House of Representatives discusses a number of important national issues with the Pre
» Iraqi oil falls again on third day of trading
» Economist: Iraq has a reliable database and the census does not create development but rather facili
» Decisive moves to propose salary scale amendment under the parliament dome
» To solve the overcrowding crisis, Iraq needs to build 10,000 schools
» 64% of Anbar power plant in Hit completed: A qualitative step to enhance energy
» Minister of Interior: We discussed with the United Kingdom ways of security and intelligence coopera
» The possibility of an Israeli strike on Iraq is increasing.. Will the factions stop the attacks if a
» Halt of Iranian gas supplies threatens operation of power plants in Iraq
» The Presidency of the Region announces: The new parliament will hold its first session on the second
» America: Factions in Iraq expose the country to the risk of instability
» Planning reveals the next step of the census: We will visit these families
» Health: Opening of three new factories to produce various medicines
» Health: Ongoing work to develop and create new specialized centers throughout Iraq
» The House of Representatives completes the first reading of the draft law amending the first three-y
» President of the Republic: The necessity of unifying efforts to establish peace and stability in the
» Al-Mandlawi to Kuwaiti Ambassador: The security of the region is indivisible
» Indian Oil Corporation maintains deal to import Iraqi oil
» Iraq's oil exports exceed 103 million barrels last month
» MP angry over obstruction of defense minister’s interrogation: Files threaten Iraq’s security collap
» Cabinet decisions include those related to “voluntary deduction” and Iraqi airports
» For the first time since 2003, non-oil revenues achieve significant growth during 2024 (tables)
» Find out the dollar prices in the Iraqi markets
» A new suspicion in the railways, its heroes are the “22 billion contract team”.. Signing a contract
» Prime Minister sponsors signing of two memoranda of understanding in the field of tourism
» Parliamentary Finance Committee discusses amending the three-year budget
» "Rich Iraq" seeks "money" to combat methane emissions: internal and external obstacles
» Increase in foreign remittance sales at the Central Bank of Iraq auction
» Its area is 2.5 million acres, and these are its details.. Work begins on a "large" residential city
» Kurdistan Finance delivers employees' salary schedule to the federal government
» Beggars are sweeping the streets of Iraq.. Their numbers are "large" and 90% of them receive welfare
» Settling tax trust claims
» Launching the National School Health Strategy
» Approval to implement service projects in Babylon
» New container handling berths at ports
» Work: Demand for registration in social security
» Reconstruction: Land Bank to be completed next year
» Aiming to enhance services in schools and prevent diseases, the National School Health Strategy for
» Karmian Festival witnesses the conclusion of commercial and industrial contracts
» Focus on the banking sector
» Minister of Trade: Studies Center is a turning point that serves the Iraqi economy
» Economists: Census is a roadmap for development
» Today's newspapers are interested in Al-Sudani's announcement that the population of Iraq exceeds 45
» International Development Bank: Today's incident was an extortion attempt that did not affect our wo
» thirty-sixth session, chaired by the Minister of Planning
» Closed meeting of the Parliamentary Finance Committee to discuss seven files
» The demographic boom in Iraq: an economic opportunity or a social burden?
» Al-Sudani confirms to Russian delegation Iraq's desire to establish a mechanism that brings mutual b
» Parliament holds its session headed by Al-Mashhadani and attended by 168 MPs
» The Iraqi government deducts 1% of the salaries of employees and retirees to donate to Gaza and Leba