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Expectations of achieving Iraq's GDP 10.5 percent

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Expectations of achieving Iraq's GDP 10.5 percent

Unread postby admin » Sun Sep 08, 2013 9:46 am

Expectations of achieving Iraq's GDP 10.5 percent

08/09/2013 12:00 AM

BAGHDAD - Agencies
see Economists indicators are encouraging the achievement of Iraq's significant economic growth anticipated, according to specialists, it comes through the drilling sites of oil estimated quantities estimated at 350 billion barrels and additional drilling operations in more than 450 fields in different parts of Iraq, containing more than 530 geological complexes stored oil reserves are enormous.
A member of the Chamber of Industry Baghdad Nabil خدور, citing a report issued by the Bank of America Merrill Lynch, said that Iraq will witness a growth in production GDP to reach 10.5 percent, followed by China with 7.7 percent. said in a press statement that Iraq launched the National Development Plan Five 2010-2014, which aims to reduce disparities and barriers between urban and rural areas, and the establishment of infrastructure and securing social services and jobs, and increase the GDP to 9 per cent.
and the International Monetary Fund forecast in a report issued last March to grow the Iraqi economy rate of 9 percent during the year 2013, and warned the Fund to the country's need for means to better control government spending and work to end the spending outside the scope of the budget. believes oil expert Alaa al-Asadi from the center of the fire eternal Development and oil in a press statement that Iraq "will be the focus energy in the coming years according to the report issued by the General Union of Chambers of Commerce, Industry and Agriculture Arabic in Beirut last year, which confirms that Iraq possessed stockpiles tremendous amount of oil and gas. "adds Asadi" There are 415 locations unexplored in Iraq is increasing its reserves of 215 billion barrels and there is a wealth of gas, "points out that European countries have expressed interest in this field.

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