Urged the need to develop the energy sector in the country

urged economists on the importance that exploits the country of human potential in order to increase rates of sustainable development in Iraq, pointing to the existence of a number of obstacles facing the economic process in general, led a whole to decline rates of development, and caused low GDP, and while experts stressed the need to exploit the wealth large enjoyed by Iraq optimally, criticized economic thinker Dr. Mehdi Hafedh dominance of the public sector on the economic movement in the country, describing the measures to boost rates of sustainable development in Iraq (b minor).

pointed Hafiz During the scientific symposium hosted by the Faculty of Business and Economics at the University of Babylon and carried (address energy and the future of economic development in Iraq) to the need to achieve a balance between the public and private sectors and the granting of economic freedom more broadly than it is now, so as to achieve the role of the basis and a large private sector, and in time between which Hafiz that the economy is still moving in the workshops old, said that the most prominent images of the national economy is in (oil dominant sector in a large, special still crawling and can not progress in earnest).

focused seminar that I attended (morning) on the role of energy in increasing rates of sustainable development in Iraq, in light of reports and international indicators confirmed Iraq was able to achieve high rates of growth this year thanks to the best use of energy, which called Dean of the Faculty of Business and Economics at the University of Babylon Dr. Rafiq Morgan during his speech at the opening of the symposium to claim to search for new alternatives for energy in order to maintain future generations Iraq coming, and not to rely entirely on oil revenues to support the budgets of the country’s financial, praising at the same time the possibilities Iraqi contributed significantly to raise the proportion of production and export of oil and thus increase revenues Iraq Finance.

turn urged economic expert, Dr. Ahmed Rehn during his speech at the seminar on the Oil Ministry to expand their export capabilities of Iraqi ports and ports of neighboring countries and seek to win the energy high export, adding that this could constitute a guarantee great security of the Iraqi economy and national security as well. addressed the study Bureihi scenarios energy sector in Iraq and the world exhibited by reports the International Energy Agency.

and also development opportunities for Iraq until 2035 and is the length covered by these reports, and said the estimate of oil demand in the world to which the those reports exaggerated, suggesting that the Iraqi oil before him markets wider than estimates international organization, and said that the scenarios make average gross domestic product in Iraq in 2035 not more than ten thousand dollars, while the feet accounts indicate that the average per capita GDP may exceeding twenty thousand dollars in that year. recommended Bureihi need to develop the capacity of the Ministry of oil in all disciplines and leading to actually control the selection of techniques and costs.

And study addressed other issues in the gas industry, and issues in the financial investment contracts oil and others. Participants discussed at the symposium strategy Iraq’s future to develop the oil sector, and ways to develop the extractive industry, for  that those strategic will revive the Iraqi economy through what will play from a vital role in increasing the country’s exports of oil, also pointed out that the economic expert Hamza jeweler during a speech he delivered on the sidelines of the seminar announced where the national strategy for oil and energy in Iraq will be issued within two months, stressing that those strategic that work on the preparation by local experts and foreigners and the World Bank for a period of two years relating to the extractive industry and oil production in an integrated system and classification as well as the collection of gas and isolate the private system.