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Rehn: the development of the production sector develop economy
6/9/2015 0:00
Baghdad ..
economist said Ahmed Rehn: that success in the development of energy production and export of oil and gas in Iraq, helping to compensate for lost opportunities for more than three decades of war and siege and contribute to economic growth in this country. He continued: Failure is not limited to its impact exposing the situation in Iraq to a high risk, but also puts the international oil markets to a lot of low elasticity of supply problems, and as far as the energy can benefit from the harmony of interests between Iraq and the world for the benefit of economic prosperity in Iraq, but the modalities of this benefit is not clear, easy and ready, but you need to Amadanh efforts and manage to make responsible those efforts, he d .breha, it makes sense to focus on the relative economic advantages for Iraq in the abundance of crude oil and gas, which use requires them to expand in the local employment of energy and industries used for oil and gas material a priority, but the relative price structure is to translate those advantages in investment, production and operating decisions. and that the wrong design of the structure of prices would hide those advantages, and these issues which are closely linked to the developments of strategic term and the medium term adopted by the government and what actually adopted them for the development of crude oil until 2020 and beyond, and plans medium-term development of power generation electricity. However, the system infrastructure construction projects oil production to reach 12 million barrels per day and Besadarath rise to more than 8 million barrels per day, its ambitions and the Ministry of Oil until 2020, but did not proceed to each other. He added that striving for the development of national capacities for the energy industry in the broad scope and its core activities and depends on it for the necessities of security and economic of Iraq, and otherwise it becomes doubtful control over the choice of technologies, environmental protection and cost control in accordance with the national interests supreme. He said: I have encountered countries so advanced, such as Canada, which flourished exports of natural resources and many economic problems are summarized in the term (Dutch disease) as their manufacturing industries fell and lost jobs did not offset natural resource and in general shrinking of goods and services traded sector for the benefit of non-traded rose Akiem their national currencies with the relative decline of the level of productivity in. So deteriorated competitiveness International. Therefore the design of economic policies in the oil hegemony, especially countries when those hegemony up to critical levels such as Iraq requires careful attention to ensure economic development and progress towards broader social justice and well-being generally. He added that the main issue which overlooked a lot in Iraq are in relationships wages and productivity and prices and economic feasibility, investment and production of oil. He d. Rehn, that the reports of the Ministry of Oil and contractual obligations with foreign companies that Iraq started executing the plans lead to a quantum leap in production and export potential size, and it seems that the harmony of interests between Iraq and the world will help to overcome the economic difficulties, but it does not stop when drilling and set up operations wells, but the synchronization logical succession in the supplementary projects programs to create adequate water and systems Storage Topical and aggregate and network transport and pumping and loading docks, export and flexible energy pipelines in all all the facilities necessary to reach the goals, so the large number of points possible disability had to beware of the slowdown and reluctance. requires critical of the energy sector in Iraq and take care of all the risk geopolitical elements, apparently the remaining years of the program are sufficient to achieve the goals with abundant funding, since there is no need to extend the pipeline project more than three years on average in the Middle East and reservoirs projects less than it projects crude oil and gas extraction the big ones on no more than four years and concluded d. Bureihi so hopefully by the ministries of oil and electricity, industry re cost estimates based on the accounts to the extent sufficient detail and scrutiny of prices and the available data for similar activities in other countries. He concluded by saying also that the internal use of oil, gas and energy refineries need to be reviewed as the economic growth estimates hoping the relevance of the program oil does not count them.
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6/9/2015 0:00
Baghdad ..
economist said Ahmed Rehn: that success in the development of energy production and export of oil and gas in Iraq, helping to compensate for lost opportunities for more than three decades of war and siege and contribute to economic growth in this country. He continued: Failure is not limited to its impact exposing the situation in Iraq to a high risk, but also puts the international oil markets to a lot of low elasticity of supply problems, and as far as the energy can benefit from the harmony of interests between Iraq and the world for the benefit of economic prosperity in Iraq, but the modalities of this benefit is not clear, easy and ready, but you need to Amadanh efforts and manage to make responsible those efforts, he d .breha, it makes sense to focus on the relative economic advantages for Iraq in the abundance of crude oil and gas, which use requires them to expand in the local employment of energy and industries used for oil and gas material a priority, but the relative price structure is to translate those advantages in investment, production and operating decisions. and that the wrong design of the structure of prices would hide those advantages, and these issues which are closely linked to the developments of strategic term and the medium term adopted by the government and what actually adopted them for the development of crude oil until 2020 and beyond, and plans medium-term development of power generation electricity. However, the system infrastructure construction projects oil production to reach 12 million barrels per day and Besadarath rise to more than 8 million barrels per day, its ambitions and the Ministry of Oil until 2020, but did not proceed to each other. He added that striving for the development of national capacities for the energy industry in the broad scope and its core activities and depends on it for the necessities of security and economic of Iraq, and otherwise it becomes doubtful control over the choice of technologies, environmental protection and cost control in accordance with the national interests supreme. He said: I have encountered countries so advanced, such as Canada, which flourished exports of natural resources and many economic problems are summarized in the term (Dutch disease) as their manufacturing industries fell and lost jobs did not offset natural resource and in general shrinking of goods and services traded sector for the benefit of non-traded rose Akiem their national currencies with the relative decline of the level of productivity in. So deteriorated competitiveness International. Therefore the design of economic policies in the oil hegemony, especially countries when those hegemony up to critical levels such as Iraq requires careful attention to ensure economic development and progress towards broader social justice and well-being generally. He added that the main issue which overlooked a lot in Iraq are in relationships wages and productivity and prices and economic feasibility, investment and production of oil. He d. Rehn, that the reports of the Ministry of Oil and contractual obligations with foreign companies that Iraq started executing the plans lead to a quantum leap in production and export potential size, and it seems that the harmony of interests between Iraq and the world will help to overcome the economic difficulties, but it does not stop when drilling and set up operations wells, but the synchronization logical succession in the supplementary projects programs to create adequate water and systems Storage Topical and aggregate and network transport and pumping and loading docks, export and flexible energy pipelines in all all the facilities necessary to reach the goals, so the large number of points possible disability had to beware of the slowdown and reluctance. requires critical of the energy sector in Iraq and take care of all the risk geopolitical elements, apparently the remaining years of the program are sufficient to achieve the goals with abundant funding, since there is no need to extend the pipeline project more than three years on average in the Middle East and reservoirs projects less than it projects crude oil and gas extraction the big ones on no more than four years and concluded d. Bureihi so hopefully by the ministries of oil and electricity, industry re cost estimates based on the accounts to the extent sufficient detail and scrutiny of prices and the available data for similar activities in other countries. He concluded by saying also that the internal use of oil, gas and energy refineries need to be reviewed as the economic growth estimates hoping the relevance of the program oil does not count them.
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