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Economists: Iraq needs more than a billion dollars to develop the oil extraction and reduce the waste of raw operations by 80%
Thursday, 18 حزيران / يونيو 2015 09:52 |
BAGHDAD / Sky Press: A number of economists stressed that Iraq is losing a day of large quantities of crude oil due to the use of the mechanics of old and methods of extraction process, as pointed out that Iraq needs and a half billion for the development of extraction and reduce the waste of raw by 80% operations.
An expert in Sumo national company for "Sky Press," that "half of Iraq's oil exports go to waste because of old vehicles and roads that are used in oil extraction and transport, in addition to waste large amounts of associated gas and burned in the atmosphere."
He added that "Iraq needs a billion and a half billion dollars to run with 100 to 200 workers is the guarantor of the transfer of the oil extraction operations to advanced stages and reduce the waste of crude oil and 80%."
Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran biggest with Iraq in lower prices, as a result, the Iraqi government was forced to announce, an austerity operations, generally in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the salaries of cabinet 50%.
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Thursday, 18 حزيران / يونيو 2015 09:52 |
BAGHDAD / Sky Press: A number of economists stressed that Iraq is losing a day of large quantities of crude oil due to the use of the mechanics of old and methods of extraction process, as pointed out that Iraq needs and a half billion for the development of extraction and reduce the waste of raw by 80% operations.
An expert in Sumo national company for "Sky Press," that "half of Iraq's oil exports go to waste because of old vehicles and roads that are used in oil extraction and transport, in addition to waste large amounts of associated gas and burned in the atmosphere."
He added that "Iraq needs a billion and a half billion dollars to run with 100 to 200 workers is the guarantor of the transfer of the oil extraction operations to advanced stages and reduce the waste of crude oil and 80%."
Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran biggest with Iraq in lower prices, as a result, the Iraqi government was forced to announce, an austerity operations, generally in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the salaries of cabinet 50%.
[You must be registered and logged in to see this link.]
