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The Iraqi economy by 2014: growth because daash, budget and new plans for rationalization and investment orientation
Range press/Baghdad
The Iraqi economy, in 2014, the many challenges that revealed "weaknesses" and most notably the near-complete dependence on oil, as stressed the need to diversify resources feeding him and the adoption of a plan to streamline and increase the efficiency of the expenditure, and in the year that is about to leave, full of crises and perhaps most notably those arising from (daash), lower world oil prices.
Oil: external crises and internal processors
Couldn't the oil sector by 2014, control of Iraq's economy by selling in the world market, for the first time the country is experiencing a financial crisis due to falling oil prices, the need to adopt various ways to offset dependence on oil as the only source to supplement the budget, including the use of taxes and austerity, despite a dispute between the Centre and return to previous agreements after tension with the Government of Nouri al-Maliki, the territorial Government has decided to pay 250,000 barrels to the center of the marketing company SOMO National.
And lower oil prices did not impact on the integrity of the Iraqi economy, the control of the terrorist organization (daash) on four oil fields in northern Iraq is Al Qayyarah in Nineveh province, which has 91 wells and field agil in salads, too, has 91 wells and hamrin field in Salah al-Din, and star field in Nineveh province, a blow to the Iraqi economy and oil movement, as well as the disruption of Iraq's most important refineries, Baiji, is led by the Government, according to experts, to import some 200,000 barrels of oil derivatives A day to fill the gap, also stopped the export pipeline passes through northern areas to Turkey, the Government has forbidden the import task.
But that hasn't stopped the oil Ministry to proceed with their investments, which began five years ago when the oil licensing rounds fired, where the Ministry statistics showed that the production of more than 50% lower than it was four years ago, when injected during February of 3.6 million barrels of crude per day, indicating that he broke the record for annual production of oil in Iraq, which was in 1979 during the heyday of Iraqi oil, the 3.5 million barrels a day.
We cannot forget that the gas had lifted halfayah produced 80 million mkomk (million standard cubic feet), with PetroChina company China development field, in cooperation with the Maysan oil company, worked hard to reach advanced levels of work in the field, particularly in the gas sector as the field reached the first half of July last, for the production of 80 million standard cubic feet (mkomk) a day, is sending 21 mkomk to the black terminal on the province to run.
The Maysan oil company to enter 75 out of 95 wells were drilled in the halfayah oil, to serve as the General Manager of the company, Adnan Nushi, the (press term), so this field is fields in the country, and for the remaining 20 wells were drilled and prepared for production in the third stage of development of the field, according to Director-General always.
The South gas company, showed that the Basra gas production exceeded planned output met with the Director-General of the evil of gas South, Hussein khudair told (press term), the output current to the Basra gas company gas Basra in cooperation with Dutch Shell is (2650) tons a day, and is the production exceeded planned since the founding of the company, returned the product and store gas in tanks the company enough actual need for domestic use in Iraq is good The company at this time.
Agriculture: security implications from precluded achieving self-sufficiency
The security operations have left the Organization (daash) an opportunity to achieve self-sufficiency in a number of crops including wheat, saying technical agent for the Ministry of agriculture, Mahdi dhamad Al-Qaisi, told the (long press), the 2013-2014 season, hoped to achieve self-sufficiency for wheat, but unfortunately the security events in the provinces of Nineveh, Salaheddin and Kirkuk, to not be so because the Ministry of trade centers stopped (silos) on receipt of the crop because of difficult access, but what was counted from the Formally installed at the Ministry of trade wheat worth nearly received last season, excluding the provinces of Ninawa, Salah al-crops and Kirkuk, the Ministry's plans and expectations are correct, if the wheat crop was added to those three provinces, for there was a real increase in the crop and self-sustaining.
For barley and maize crops, between Al-Qaisi, the barley has reached levels of self-sufficiency, with evidence of some 60 000 tonnes of barley round last year, even this season, with a surplus of it, the corn, the current year has received 361 thousand tons, a significant amount has been dried and distributed to the fancier, particularly poultry, and has implemented all the quantity.
And Fisheries said Al-Qaisi, the country's fisheries move towards improvement of the education in the various governorates of Iraq as well as the expansion and proliferation of fish pond and marked so that it can be said that what is produced is now blocking about 70 percent of the domestic need, a good rate compared to previous years.
And the wealth of poultry, the Agriculture Ministry said that the production of meat and eggs during the 2014 to 40% of the annual requirement for Iraqi citizens, indicating that this is very good for us because the poultry during the last years the significant damage is now recovering and return to normal routine.
Electricity: continuous interruptions, despite promises and directed towards investment
The electricity sector is still an Iraqi Street, after signing dozens of contracts with different companies is still ongoing .... where the Ministry assigned to delay work on the infrastructure and the network components was vandalized by gangs (daash).
The Ministry's spokesman, Musab Al-teacher, told the (range press), gangs (daash) caused loss of electrical projects were expected to feed into the national system by 4,000 megawatt up to one billion dollars loss amounts, as well as other active stations stopped up to 3,000 megawatt capacities, these stations were combined in the provinces of Nineveh, Salaheddin and Kirkuk, Anbar and Diyala.
Nevertheless, the Ministry continues to promise improvement through investment orientation of electrical projects, to offset the loss with Ministry two decades investment through 2014, for the first time, the first was in June with (group number) to build Terminal in Basra Rumaila with capacity of 3,000 megawatts, will be implemented in two stages the first modular building gas card 1,500 megawatt, the second building of 1500 vehicle units, and recently signed an investment contract with MAS Holdings Group of companies for power generation The Turkish company Enka, a bismayah new city station to electrical power generation with a capacity of 3,000 megawatts, in a manner similar to that adopted at Rumaila.
And the teacher, that the duration of the contracts is 17 and a half years, renewable for one year, under the contract the Ministry is obliged to purchase energy from Datel value (32) $ llmika per watt to produce soft, units and (47) $ llmikawat for the production of composite units, where they will be equipped with fuel via the electricity Ministry in coordination with the Ministry of oil, gas or fuel was casawell, the allocation of land by the national investment Commission.
And perpetuation of power generation after the implementation of several projects to build gas stations contracted with Iran to implement the project to extend the abnob carrier of liquid gas from the oil box border to Diyala to Baghdad to feed three stations (mansourieh, chest and the Quds), where the pipeline is designed to transport 25 million cubic meters and it is enough to run a 2,500 megawatt of energy, is expected to enter service in March.
The Ministry plans to draft smart standards, at a cost of 42 million dollars in cooperation with a Korean company, for (107) a joint venture as the first phase, in three areas in the capital Baghdad, to ensure conservation.
Monetary policy: anxieties of drain backup
The CBI is heading towards maintaining fiscal and monetary policy for the country, which still keeps up the cash so far exceeded 70 billion dollars, 90 tons of gold, despite significant attempts by the previous Government headed by Nouri al-Maliki of withdrawing it, but the Central Bank still refused because the law forbade.
The Bank's steps towards an effective monetary policy, where three local currencies raised to serious, with the former for use as offered currencies from the categories (25,000, 10,000, 5,000), the Central Bank attributed this to the previous currency fraud, and his preserved since those categories designed levels are difficult to forge.
And the Dahir of fiscal policy debate among Government, Parliament and even economists and the Iraqi Street, since the end of the year 2014 without adoption of balanced, while the Government adopted budget 2015 by 123 trillion dinars around 23 trillion deficit, and forwarded it to Parliament.
Perhaps the most notable event for this year is to try to count Rafidain State employees stealing 280 billion dinars, the electronic clearing system, which thwarted that process is still under investigation, the center of suspicion hovering over various political and financial personalities did not reveal until now.
Transport sector: enterprises and revenue expansion
Perhaps the transportation sector for the year 2014 is better than bkaki sectors because of the size of the expansion of its business and its revenues, exceeding the company's revenues for private transportation to 2014 30 billion dinars, while stopped some facilities in the governorates of Anbar, Mosul and Salahuddin.
But the aviation facilities attached great importance to the joints where the Council of Ministers approved the transfer of the Imam Ali air base, in Dhi Qar and Maysan 18 wanted men, military airport, to civil as well as approve the construction airports of Imam Hussein in Karbala, the agreement with a Kuwaiti company to implement airport in Diwaniyah, and believed by experts in economics, money that in the work of those airports will provide at least 18,000 jobs and run around (2-4) million per month for the Iraqi State.
In order to develop the air sector approved by the civil aviation authority to appoint 100 air within aviation, indicating that these modern technological laboratories will provide them with great work in Iraq.
For Iraqi ports co. had its Director General, they will proceed with Imran content plan to add 37 berths to Iraqi ports to become total available berths in the port is 83 card download up to 29 million tons a year, giving the sidewalks provide ample space for reception of goods of different types, sizes and methods of unloading and transfer of sophisticated trade process and make the process easy and modern transport.
Telecommunications industry: the growth of imports
Cannot ignore the telecommunications sector predicted economic circles that 2014 is beginning to rise in this sector, particularly after the launch of 3 g service, there were communications and Media Commission, on 10 November, the contract for the launch of 3 g service with mobile phone companies operating in Iraq (Zain Iraq, asiacell, korek Telecom), at a cost of $ 307 million for each company paid by four instalments, this will stimulate economic activity in the country and reduce the cost of using the Internet by phone,
Experts: Iraqi economy did not reach the threshold of market economy
Their expert opinion that the Iraqi economy has not reached the threshold of free economy, and 2014 in financial crises.
Economist, said Muthana Al-Husseini, speaking to the (long press), that it is necessary to establish a clear economic vision, consistent with the aspirations of the political process, and expand the partnership between Government, the private sector and the Government must have a clear economic vision, and linked economic policy approach, called a "political economy" and a title in line with the aspirations of Dalla political parties and forces in the Iraqi economy with development dimensions to resolve the dilemmas that accompany it, as well as the competencies and expertise and capabilities in building the economy of the country as well A clear economic policy works to solve the housing crisis, the problem of unemployment, reduce inflation, and the agricultural and industrial sector for continued support, as well as the implementation of alstratigiat developed by specialists and experts and has not seen the light yet.
The Economist, in an interview, Majid (long press), the Iraqi economy directly affected this year due to the adoption of balanced imports oil rents, adding that the Iraqi economy faces significant challenges to integration into the world economy in order to regulate the economy, restructuring and find other sources of income through restructuring of the productive sectors such as industry, agriculture and tourism sector.
Mock stressed that Iraq tries to up to switch to a free economy, but it still has a lot he is currently not eligible to enter the World Trade Organization, it is no time for the industrial and agricultural sectors to; for they do not have the qualifications for membership by virtue of which, as well as the failure to defer some important economic laws, despite the existence of legislation about them.
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Range press/Baghdad
The Iraqi economy, in 2014, the many challenges that revealed "weaknesses" and most notably the near-complete dependence on oil, as stressed the need to diversify resources feeding him and the adoption of a plan to streamline and increase the efficiency of the expenditure, and in the year that is about to leave, full of crises and perhaps most notably those arising from (daash), lower world oil prices.
Oil: external crises and internal processors
Couldn't the oil sector by 2014, control of Iraq's economy by selling in the world market, for the first time the country is experiencing a financial crisis due to falling oil prices, the need to adopt various ways to offset dependence on oil as the only source to supplement the budget, including the use of taxes and austerity, despite a dispute between the Centre and return to previous agreements after tension with the Government of Nouri al-Maliki, the territorial Government has decided to pay 250,000 barrels to the center of the marketing company SOMO National.
And lower oil prices did not impact on the integrity of the Iraqi economy, the control of the terrorist organization (daash) on four oil fields in northern Iraq is Al Qayyarah in Nineveh province, which has 91 wells and field agil in salads, too, has 91 wells and hamrin field in Salah al-Din, and star field in Nineveh province, a blow to the Iraqi economy and oil movement, as well as the disruption of Iraq's most important refineries, Baiji, is led by the Government, according to experts, to import some 200,000 barrels of oil derivatives A day to fill the gap, also stopped the export pipeline passes through northern areas to Turkey, the Government has forbidden the import task.
But that hasn't stopped the oil Ministry to proceed with their investments, which began five years ago when the oil licensing rounds fired, where the Ministry statistics showed that the production of more than 50% lower than it was four years ago, when injected during February of 3.6 million barrels of crude per day, indicating that he broke the record for annual production of oil in Iraq, which was in 1979 during the heyday of Iraqi oil, the 3.5 million barrels a day.
We cannot forget that the gas had lifted halfayah produced 80 million mkomk (million standard cubic feet), with PetroChina company China development field, in cooperation with the Maysan oil company, worked hard to reach advanced levels of work in the field, particularly in the gas sector as the field reached the first half of July last, for the production of 80 million standard cubic feet (mkomk) a day, is sending 21 mkomk to the black terminal on the province to run.
The Maysan oil company to enter 75 out of 95 wells were drilled in the halfayah oil, to serve as the General Manager of the company, Adnan Nushi, the (press term), so this field is fields in the country, and for the remaining 20 wells were drilled and prepared for production in the third stage of development of the field, according to Director-General always.
The South gas company, showed that the Basra gas production exceeded planned output met with the Director-General of the evil of gas South, Hussein khudair told (press term), the output current to the Basra gas company gas Basra in cooperation with Dutch Shell is (2650) tons a day, and is the production exceeded planned since the founding of the company, returned the product and store gas in tanks the company enough actual need for domestic use in Iraq is good The company at this time.
Agriculture: security implications from precluded achieving self-sufficiency
The security operations have left the Organization (daash) an opportunity to achieve self-sufficiency in a number of crops including wheat, saying technical agent for the Ministry of agriculture, Mahdi dhamad Al-Qaisi, told the (long press), the 2013-2014 season, hoped to achieve self-sufficiency for wheat, but unfortunately the security events in the provinces of Nineveh, Salaheddin and Kirkuk, to not be so because the Ministry of trade centers stopped (silos) on receipt of the crop because of difficult access, but what was counted from the Formally installed at the Ministry of trade wheat worth nearly received last season, excluding the provinces of Ninawa, Salah al-crops and Kirkuk, the Ministry's plans and expectations are correct, if the wheat crop was added to those three provinces, for there was a real increase in the crop and self-sustaining.
For barley and maize crops, between Al-Qaisi, the barley has reached levels of self-sufficiency, with evidence of some 60 000 tonnes of barley round last year, even this season, with a surplus of it, the corn, the current year has received 361 thousand tons, a significant amount has been dried and distributed to the fancier, particularly poultry, and has implemented all the quantity.
And Fisheries said Al-Qaisi, the country's fisheries move towards improvement of the education in the various governorates of Iraq as well as the expansion and proliferation of fish pond and marked so that it can be said that what is produced is now blocking about 70 percent of the domestic need, a good rate compared to previous years.
And the wealth of poultry, the Agriculture Ministry said that the production of meat and eggs during the 2014 to 40% of the annual requirement for Iraqi citizens, indicating that this is very good for us because the poultry during the last years the significant damage is now recovering and return to normal routine.
Electricity: continuous interruptions, despite promises and directed towards investment
The electricity sector is still an Iraqi Street, after signing dozens of contracts with different companies is still ongoing .... where the Ministry assigned to delay work on the infrastructure and the network components was vandalized by gangs (daash).
The Ministry's spokesman, Musab Al-teacher, told the (range press), gangs (daash) caused loss of electrical projects were expected to feed into the national system by 4,000 megawatt up to one billion dollars loss amounts, as well as other active stations stopped up to 3,000 megawatt capacities, these stations were combined in the provinces of Nineveh, Salaheddin and Kirkuk, Anbar and Diyala.
Nevertheless, the Ministry continues to promise improvement through investment orientation of electrical projects, to offset the loss with Ministry two decades investment through 2014, for the first time, the first was in June with (group number) to build Terminal in Basra Rumaila with capacity of 3,000 megawatts, will be implemented in two stages the first modular building gas card 1,500 megawatt, the second building of 1500 vehicle units, and recently signed an investment contract with MAS Holdings Group of companies for power generation The Turkish company Enka, a bismayah new city station to electrical power generation with a capacity of 3,000 megawatts, in a manner similar to that adopted at Rumaila.
And the teacher, that the duration of the contracts is 17 and a half years, renewable for one year, under the contract the Ministry is obliged to purchase energy from Datel value (32) $ llmika per watt to produce soft, units and (47) $ llmikawat for the production of composite units, where they will be equipped with fuel via the electricity Ministry in coordination with the Ministry of oil, gas or fuel was casawell, the allocation of land by the national investment Commission.
And perpetuation of power generation after the implementation of several projects to build gas stations contracted with Iran to implement the project to extend the abnob carrier of liquid gas from the oil box border to Diyala to Baghdad to feed three stations (mansourieh, chest and the Quds), where the pipeline is designed to transport 25 million cubic meters and it is enough to run a 2,500 megawatt of energy, is expected to enter service in March.
The Ministry plans to draft smart standards, at a cost of 42 million dollars in cooperation with a Korean company, for (107) a joint venture as the first phase, in three areas in the capital Baghdad, to ensure conservation.
Monetary policy: anxieties of drain backup
The CBI is heading towards maintaining fiscal and monetary policy for the country, which still keeps up the cash so far exceeded 70 billion dollars, 90 tons of gold, despite significant attempts by the previous Government headed by Nouri al-Maliki of withdrawing it, but the Central Bank still refused because the law forbade.
The Bank's steps towards an effective monetary policy, where three local currencies raised to serious, with the former for use as offered currencies from the categories (25,000, 10,000, 5,000), the Central Bank attributed this to the previous currency fraud, and his preserved since those categories designed levels are difficult to forge.
And the Dahir of fiscal policy debate among Government, Parliament and even economists and the Iraqi Street, since the end of the year 2014 without adoption of balanced, while the Government adopted budget 2015 by 123 trillion dinars around 23 trillion deficit, and forwarded it to Parliament.
Perhaps the most notable event for this year is to try to count Rafidain State employees stealing 280 billion dinars, the electronic clearing system, which thwarted that process is still under investigation, the center of suspicion hovering over various political and financial personalities did not reveal until now.
Transport sector: enterprises and revenue expansion
Perhaps the transportation sector for the year 2014 is better than bkaki sectors because of the size of the expansion of its business and its revenues, exceeding the company's revenues for private transportation to 2014 30 billion dinars, while stopped some facilities in the governorates of Anbar, Mosul and Salahuddin.
But the aviation facilities attached great importance to the joints where the Council of Ministers approved the transfer of the Imam Ali air base, in Dhi Qar and Maysan 18 wanted men, military airport, to civil as well as approve the construction airports of Imam Hussein in Karbala, the agreement with a Kuwaiti company to implement airport in Diwaniyah, and believed by experts in economics, money that in the work of those airports will provide at least 18,000 jobs and run around (2-4) million per month for the Iraqi State.
In order to develop the air sector approved by the civil aviation authority to appoint 100 air within aviation, indicating that these modern technological laboratories will provide them with great work in Iraq.
For Iraqi ports co. had its Director General, they will proceed with Imran content plan to add 37 berths to Iraqi ports to become total available berths in the port is 83 card download up to 29 million tons a year, giving the sidewalks provide ample space for reception of goods of different types, sizes and methods of unloading and transfer of sophisticated trade process and make the process easy and modern transport.
Telecommunications industry: the growth of imports
Cannot ignore the telecommunications sector predicted economic circles that 2014 is beginning to rise in this sector, particularly after the launch of 3 g service, there were communications and Media Commission, on 10 November, the contract for the launch of 3 g service with mobile phone companies operating in Iraq (Zain Iraq, asiacell, korek Telecom), at a cost of $ 307 million for each company paid by four instalments, this will stimulate economic activity in the country and reduce the cost of using the Internet by phone,
Experts: Iraqi economy did not reach the threshold of market economy
Their expert opinion that the Iraqi economy has not reached the threshold of free economy, and 2014 in financial crises.
Economist, said Muthana Al-Husseini, speaking to the (long press), that it is necessary to establish a clear economic vision, consistent with the aspirations of the political process, and expand the partnership between Government, the private sector and the Government must have a clear economic vision, and linked economic policy approach, called a "political economy" and a title in line with the aspirations of Dalla political parties and forces in the Iraqi economy with development dimensions to resolve the dilemmas that accompany it, as well as the competencies and expertise and capabilities in building the economy of the country as well A clear economic policy works to solve the housing crisis, the problem of unemployment, reduce inflation, and the agricultural and industrial sector for continued support, as well as the implementation of alstratigiat developed by specialists and experts and has not seen the light yet.
The Economist, in an interview, Majid (long press), the Iraqi economy directly affected this year due to the adoption of balanced imports oil rents, adding that the Iraqi economy faces significant challenges to integration into the world economy in order to regulate the economy, restructuring and find other sources of income through restructuring of the productive sectors such as industry, agriculture and tourism sector.
Mock stressed that Iraq tries to up to switch to a free economy, but it still has a lot he is currently not eligible to enter the World Trade Organization, it is no time for the industrial and agricultural sectors to; for they do not have the qualifications for membership by virtue of which, as well as the failure to defer some important economic laws, despite the existence of legislation about them.
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