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Warnings from parliamentary continued reliance on oil only
On: Sat 10/12/2011 9:18
□ Baghdad / economic term
called a member of the Committee on Energy and Oil parliamentary Rep. Susan Saad to the need to find economic alternatives and not to depend on the total annual oil imports, indicating that in the case of Iraq's dependence on oil will lead to "economic disaster" in the country.
Said Saad's Agency (news): should the government not to rely on oil revenues for the general budget in anticipation of Iraq was abnormal conditions prevent him from exporting oil to the outside or run out of quantity of oil potential under the ground, stressing the need to find alternatives to oil through the activation of sectors economic, such as agriculture, industry and so on.
She added that Iraq if he continued reliance on oil imports will lead to "economic disaster."
She Saad: that the financial budget is still supported by (95%) on oil revenues as a result of stop laboratories, factories, and the deterioration of the various economic sectors For this reason, the Iraqi economy yield is based on one rule is "oil", calling for: the creation of infrastructure, economic sectors, all in order to be activated in order to save the Iraqi economy from destruction.
showed: that Iraq can not be for him to dispense with foreign companies in the process of extraction and exploration oil due to lack of local expertise in this area, stressing: the need for training Iraqi cadres to adopt the process of extracting and exploring oil wells in Iraq.
Earlier, warned by the Finance Committee MP Ibrahim al-Mutlaq, the vulnerability of Iraq's economic crises the world that its income unilaterally, calling for: development of future solutions to avoid them. Mutlaq said: It is likely that the world is experiencing economic crisis, new and be stronger than the previous and Iraq will be affected by being dependent Baaradath annual oil only, pointing out: that the global economic crisis resulting from the low price of oil in the global oil market and this will affect the Iraqi economy as Rieia .
He called on al-Mutlaq, the federal government and the House of Representatives to put accurate calculations and future solutions by adjusting the annual budget according to the scientific study of minutes, and continued to be by the consultants and international experts to estimate the price of a barrel of oil, which adopted the budget for the purpose of avoiding the economic crisis and the reduction of gravity.
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