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Plan to invest in crude oil transformative projects
3/28/2015
BAGHDAD / JD / .. parliamentary Finance Committee announced that, for the development of an integrated plan to invest in the manufacturing of crude oil or petrochemical projects Kalmsafa to increase fiscal revenue, while confirming its willingness enacting the necessary laws that help to diversify the sources of state income. A member of the committee MP Abdul Qader Mohammed told / BD /: The committee agreed with the Oil Ministry to develop a comprehensive strategic plan to create a huge investment projects to convert Iraqi crude oil, such as the establishment multiple production plants and petrochemical oil refineries, as well as focusing on the gas associated with oil investment. He added that these projects will increase the financial state revenues and the diversity of sources of income as well as it would reduce dependence on oil wealth alone, and this will enhance the strength of the Iraqi economy, expressed the readiness of his committee to legislate the necessary laws that would diversity of state revenues. / End / 8
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3/28/2015
BAGHDAD / JD / .. parliamentary Finance Committee announced that, for the development of an integrated plan to invest in the manufacturing of crude oil or petrochemical projects Kalmsafa to increase fiscal revenue, while confirming its willingness enacting the necessary laws that help to diversify the sources of state income. A member of the committee MP Abdul Qader Mohammed told / BD /: The committee agreed with the Oil Ministry to develop a comprehensive strategic plan to create a huge investment projects to convert Iraqi crude oil, such as the establishment multiple production plants and petrochemical oil refineries, as well as focusing on the gas associated with oil investment. He added that these projects will increase the financial state revenues and the diversity of sources of income as well as it would reduce dependence on oil wealth alone, and this will enhance the strength of the Iraqi economy, expressed the readiness of his committee to legislate the necessary laws that would diversity of state revenues. / End / 8
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