Oil expert: Iraq can become a strong economic country without exporting a single barrel

Oil expert: Iraq can become a strong economic country without exporting a single barrel

2020-06-13

Oil expert - Iraq can become a strong economic country without exporting a single barrelThe oil expert, Hamza Al-Jawahiri, stressed on Saturday that Iraq can be an economically strong country without the need to export one barrel, pointing to the country’s ability to achieve resources without selling crude oil.

Al-Jawahiri said in a press statement that “Iraq can be an economically strong country without the need to export one barrel.”

Noting that “Iraq can achieve resources without selling crude oil in excess of its need for oil and budgets without a fiscal deficit.”

He added, “Oil and gas are devoted mainly to manufacturing, energy industries and all types of sustainable development, which in turn will reduce unemployment and disguised unemployment and provide the state and the private sector with very large financial resources that increase with time, provided that the hands that extend to them are cut badly.”

burathanews.com