Economic Analyst: Iraq is capable of conducting economic maneuver in the global market
Economic Analyst: Iraq is capable of conducting economic maneuver in the global market
18/04/2015 09:42
Economic analyst said Laith satisfaction, on Saturday, that Iraq has the opportunity to conduct an economic maneuver in the global market in light of the slight rise in oil prices.
Satisfaction in Nasrih for “channel direction,” said the important and essential to address the shortfall in Iraq’s revenues, especially since the past few months have seen oil production is the lack of access to export equipment that is expected to produce three million three hundred thousand barrels per day.
He satisfaction of being aware that this will give Iraq’s biggest economic room for maneuver in the global market space, taking into account the existence of a new party in the competition, which Iran after the urban and economic sanctions by the lift.
He continued: Iran is seeking to return to the production of natural Bmadladtha which produces two and a half per day. Indicating that Iraq must take good measures and take advantage of rising prices and the development of petrochemical industries and activating the productive sectors.
Laith spoke in a recent exhibition with “channel direction” that Iraq had 4 million employees. Indicating that all countries of the world depends to work for the production and the economic feasibility of Iraq, but it does not apply this law.
He added: Iraqis believe he is the right of every person working in the public sphere, which is part of the guarantee of oil and the state is not necessary that the work of the lead in the state and this so-called disguised unemployment.
Iraq has managed to raise oil production rate to more than three million and a half million barrels per day, according to the oil ministry plans to reach the production target of 6 million barrels per day during 2018.
Informed sources said that the country’s output of crude oil rate recorded during the last month was around 3.5 million barrels per day, and showed that the production of the Kirkuk oilfields averaged 300 000 barrels per day.
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