International report: Iraq on his way to becoming a super po

[Vixen]

Oil refinery near the port of Umm Qasr
11.11.2011
Leila Ahmed
Said an international report published recently that Iraq is on its way to become oil power new superpower, after it emerged that he has the oil reserves of up to 143 billion barrels, Mijolh within a small group of countries, a high potential for oil production, and influence in the global market. She Fact Sheet for oil and gas in Iraq, which published the report prepared by a unit of information and analysis of inter-agency, and UNDP, indicated that the possibility of growth and prosperity of the non-oil sectors, and create opportunities where will remain limited unless there are real efforts to diversify the economy, and to turn the oil export revenues to the private sector. He said economic analyst Bassem Jamil Antoine in this regard to the fragility of the private sector in Iraq, so the state be unable to recruit and imports of oil for him, and did not work laws supporting private sector, which prescribed the House of Representatives for the advancement of this sector, and industrial sectors as it has been ink on paper. to the expert believes the economic Hilal Taan that the state began to work seriously to lift the Sarat oil in order to increase its imports, and to meet the needs of industrial and agricultural sectors, as well as directed the government to support the private sector after the allocated part of its budget to promote it. is that Antoine stressed that the state budget is still distorted, due to the allocation of the bulk of the operational side, and despite the allocation of 35% of the budget of the investment, but it manages the money to possess the experience and know-how to spend.