Iraq’s per capita income is less than in the underdeveloped countries
Iraq’s per capita income is less than in the underdeveloped countries
4/22/13
Gradually turns attention to the affairs of Iraq, and now has become a focus in the newspapers and research centers on the amount of the steadfastness of the democratic experiment and the relationship of Baghdad, Arbil and the level of living and economic development.
And published CNN that American article within these frameworks entitled »Is it possible for Iraq to reach its oil» which she said: the debate about whether the war in Iraq for oil, or else did not reach the result, but one thing is for certain that the money began to flow profusely on Iraq.
GDP has risen to several times after the war. Nevertheless, the Iraqi per capita income is lagging behind that of the oil-rich neighboring countries such as Kuwait and Saudi Arabia, but also underdeveloped countries start-ups in the economic development including Botswana, Turkmenistan and Albania. This is despite the fact that Iraq sits on the fourth largest oil reserves in the world and could double its production in the next few years.
The question is: Will Iraq be able to access his abilities?
Iraq is currently pumping about 3 million barrels per day, but the International Energy Agency said recently: that Iraq could be pumping more than any other product of oil if the main dilemmas has been resolved – governance, deteriorating infrastructure and inadequate water supply -.
In order to exceed Iraq, Russia and even Saudi Arabia, it would need to invest about $ 530 billion in the infrastructure of the country, according to the International Energy Agency. But even if Baghdad was able to mobilize this level of investment from oil revenues, they face some of the political challenges unique and that can also be disabled, including the tensions between the central government and the Kurdistan Regional Government in northern Iraq.
And disputes over oil contracts and infrastructure, سيخنق of evolution, and earlier this year, export Kurds arrested after a dispute with Baghdad over the right of the Kurdistan Regional Government in the signing of contracts and sale of petroleum. The conflict between the two sides mainly revolves around the right of Kurds to sign oil contracts independently, while the Oil Ministry in Baghdad refused because of fears of Kurdish autonomy. Because of Iraq’s Kurdistan produces about 10 percent of Iraq’s oil, the default state of Kurdistan will be rich in resources. But the central government Because تحسسها of the perceived risk of separation, believes that any oil contract expect the Kurdistan Regional Government without their consent is illegal.
But this did not prevent the Kurdistan Regional Government to continue to sign oil contracts with foreign companies, and hasten to say that the Iraqi Constitution, which materials cited by the central government does not apply to fields that was awaiting developed when the law was signed.
For its part, multinational companies rushed to take advantage of these differences. The «best operating conditions [in the Kurdish region, with less bureaucracy, better security and there is more openness to foreign companies, according to what he says Vladimir van Nljberg, analyst and correspondent English روداو.
But perhaps what worries Baghdad, a lot is that the Kurds did not deal with the so-called Green Line, which separates the Arab and Kurdish regions, as a stopping point, and that means they sign contracts within the disputed land for certain purposes.
The problem for the Kurds they Despite their desire for independence with respect to the laws of oil contracts with foreign companies, they are not able to export without Baghdad, and the federal government used its authority over the pipeline network of national, as well as control of the Treasury and Budget, to check carried out by the Government of Kurdistan region.
And these complexities paid clearly the leader of the Kurdistan Regional Government to build a pipeline to Turkey, Kurdish by the year 2014, a development opposed by the United States says the and Aganberg.
The ongoing tensions, following discussions during the annual budget last month. Kurdistan Alliance boycotted the vote on the 2013 budget, Consider what the analyst says Joel Longs: budget included «the minimum compensation for oil companies operating in Kurdistan, and included a reduction of the Kurdish share of the budget if they do not do certain things.
So Is it possible to predict the outcome in advance as long as tensions continue? Not necessarily, says analyst Longs, who argues that there are some ways that you can work through the two parties together.
The first way: he says Joel Longs, that the parties to reform and expand the northern pipeline which carries oil of Kirkuk to Turkey – the pipeline could pump million barrels a day, but it is currently pumping between 300-400 thousand. The second way: It is less likely, agreement corresponds to the two sides at the moment on the joint development of oil fields in the disputed areas. It may be a good example of Kirkuk field while the southern half is run out of the field by the Ministry of Oil, the Kurdistan Regional Government has repeatedly rejected the ministry proposals to reform and expand the field.
newsabah.com
