Will Iraq enter a severe “economic crisis” as the demonstrations continue? .. and how it will come out of them ?!
Will Iraq enter a severe “economic crisis” as the demonstrations continue? .. and how it will come out of them ?!
Tuesday , 19 November 2019 at 15:46 pm
Baghdad / Sky Press
With fears of halting Iraqi oil exports, Iraqi protesters again closed the entrance to the port of Umm Qasr near Basra yesterday.
Demonstrators blocked employees and trucks loaded with oil from entering, causing operations to fall to 50 percent.
Earlier, a spokesman for Prime Minister Adel Abdul-Mahdi, said that the closure of the main port of Umm Qasr in Iraq by anti-government demonstrators has cost the country more than $ 6 billion so far.
What is the impact of the protests on the Iraqi national economy? Will international oil companies enter the crisis line to protect their investments in Iraq?
The economist Dr. Hammam said in an interview with an international media,
“Cutting off oil exports is like cutting off oxygen to an organism. There should be no oil cuts, even in the most extreme conditions, whether by protesters or official authorities, because if the oil is cut for no more than a month, it is as if killing. To the Iraqi economy. ”
“Shutting down Umm Qasr port is less important than stopping oil exports, since there are alternative outlets where goods come from, but nevertheless, I think it is very wrong for protesters to cut off the port road and prevent goods from coming, because in the end it will even affect Protest process. ”
“Most of the income that Iraqi citizens receive comes from the salary bloc,” Shamaa said.
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