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Is there enough time for the Sudanese government to get out of the “one-rent” prison?
February 22 13:10 1 Shares
Information/report..
After the major reconstruction campaign led by the Sudanese government in Baghdad and a number of Iraqi provinces,
this government began to develop a plan to multiply the country's revenues and remove it from the revenues of the single rent represented by oil.
90 percent of Iraqi revenues depend on oil, which is the sole financier of the state treasury,
making federal budgets captive to the impact of the rise and fall of oil prices.
The first sector with multiple revenues for the country is energy investment, especially the gas that Iraq loses from the oil extraction process.
In this regard, the Iraqi Prime Minister, Muhammad Shiaa Al-Sudani, announced earlier the signing of “important” contracts for the investment of natural and associated gas, stressing that the
“neglect” of natural and associated gas has caused Iraq to lose many development opportunities. He added,
"For many years, Iraq has depended on oil as a basic resource for the economy and money, and natural and associated gas were neglected, which caused us to lose many development opportunities, in addition to the environmental impacts associated with the oil industry." He added,
"We have begun treatments to develop the oil industry and invest in neglected ones, and
we have signed important contracts to invest in natural and associated gas," adding that
"the sixth round will be signed soon, which targets important areas of natural gas fields." He pointed out that
"investing in gas will end the waste of gas wealth that costs Iraq approximately 4 billion dollars annually," pointing out that
they have placed the government's top priorities as "making room for the private sector and international companies, and providing facilities for them." He stated that
oil "still represents a primary source of energy in the world, and has its importance in politics, economics, development, and the environment, and its importance to countries that depend on it, whether for production or consumption."
The Iraqi Prime Minister stressed that the government “has paid attention, since its formation, to the energy file in all its details, most notably what relates to oil and natural and associated gas,” stressing
cooperation with major companies in the field of energy, including the recent agreement with the French company Total, to achieve integration in energy investment.
And make Iraq an active player in the gas market during the next few years.” He noted that
the world "is searching today for alternatives to traditional energy, and is moving towards alternative energy sources, which will be competitive with oil and gas within a few years," urging the necessity of "making plans to keep pace with global transformations toward alternative energy."
Industry represents one of the most important sectors that provides the country with large, reliable financial resources that fill budget shortfalls.
Economist Bassem Antoun called for attention to the industrial sector, because it could be an essential resource for any country. Antoine told Al-Maalouma,
“The Sudanese government has begun to take good steps to revitalize the industrial sector by granting soft loans to industrialists.” However, Antoine pointed out
an important problem, which is the failure to implement laws and regulations in this regard, which contributed to the exit of a group of merchants who still stand as a barrier to prevent the implementation of these laws and legislations.
In addition, a member of the Parliamentary Services Committee, MP Baqir Al-Saadi, revealed the government’s plans to revive the industrial sector. Al-Saadi told Al-Maalouma,
“The Sudanese government has adopted a tripartite plan to revive Iraq’s largest industrial complexes in 9 governorates through investments, modernization of production lines, and creating a partnership in the supply of important materials and equipment.” He added,
"The revival of the industry will provide thousands of job opportunities within a short period, pointing to the ability of the Iraqi markets to absorb the products, and
this is what creates a positive situation and the continuation of the project to revive important industries during the next 3 years."
For her part, the representative for Dhi Qar Governorate, Ola Al-Nashi, announced that government approvals had been obtained to reactivate and develop four vital factories in the governorate. Al-Nashi told Al-Maalouma,
“The approvals of the Ministry of Industry and Minerals were obtained to complete the industrial city file and connect it with electricity, to pay attention to the Nasiriyah Textile Factory and the Ur Company, to develop mechanisms for marketing their products, and to restart the Chibaish dairy factory.”
Although the Sudanese government has the intention to advance the industrial sector and other sectors, such as agriculture, this matter depends on the time that will reveal in the coming days giant projects that can provide the Iraqi budget with more funds. Ended / 25 AD
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February 22 13:10 1 Shares
Information/report..
After the major reconstruction campaign led by the Sudanese government in Baghdad and a number of Iraqi provinces,
this government began to develop a plan to multiply the country's revenues and remove it from the revenues of the single rent represented by oil.
90 percent of Iraqi revenues depend on oil, which is the sole financier of the state treasury,
making federal budgets captive to the impact of the rise and fall of oil prices.
The first sector with multiple revenues for the country is energy investment, especially the gas that Iraq loses from the oil extraction process.
In this regard, the Iraqi Prime Minister, Muhammad Shiaa Al-Sudani, announced earlier the signing of “important” contracts for the investment of natural and associated gas, stressing that the
“neglect” of natural and associated gas has caused Iraq to lose many development opportunities. He added,
"For many years, Iraq has depended on oil as a basic resource for the economy and money, and natural and associated gas were neglected, which caused us to lose many development opportunities, in addition to the environmental impacts associated with the oil industry." He added,
"We have begun treatments to develop the oil industry and invest in neglected ones, and
we have signed important contracts to invest in natural and associated gas," adding that
"the sixth round will be signed soon, which targets important areas of natural gas fields." He pointed out that
"investing in gas will end the waste of gas wealth that costs Iraq approximately 4 billion dollars annually," pointing out that
they have placed the government's top priorities as "making room for the private sector and international companies, and providing facilities for them." He stated that
oil "still represents a primary source of energy in the world, and has its importance in politics, economics, development, and the environment, and its importance to countries that depend on it, whether for production or consumption."
The Iraqi Prime Minister stressed that the government “has paid attention, since its formation, to the energy file in all its details, most notably what relates to oil and natural and associated gas,” stressing
cooperation with major companies in the field of energy, including the recent agreement with the French company Total, to achieve integration in energy investment.
And make Iraq an active player in the gas market during the next few years.” He noted that
the world "is searching today for alternatives to traditional energy, and is moving towards alternative energy sources, which will be competitive with oil and gas within a few years," urging the necessity of "making plans to keep pace with global transformations toward alternative energy."
Industry represents one of the most important sectors that provides the country with large, reliable financial resources that fill budget shortfalls.
Economist Bassem Antoun called for attention to the industrial sector, because it could be an essential resource for any country. Antoine told Al-Maalouma,
“The Sudanese government has begun to take good steps to revitalize the industrial sector by granting soft loans to industrialists.” However, Antoine pointed out
an important problem, which is the failure to implement laws and regulations in this regard, which contributed to the exit of a group of merchants who still stand as a barrier to prevent the implementation of these laws and legislations.
In addition, a member of the Parliamentary Services Committee, MP Baqir Al-Saadi, revealed the government’s plans to revive the industrial sector. Al-Saadi told Al-Maalouma,
“The Sudanese government has adopted a tripartite plan to revive Iraq’s largest industrial complexes in 9 governorates through investments, modernization of production lines, and creating a partnership in the supply of important materials and equipment.” He added,
"The revival of the industry will provide thousands of job opportunities within a short period, pointing to the ability of the Iraqi markets to absorb the products, and
this is what creates a positive situation and the continuation of the project to revive important industries during the next 3 years."
For her part, the representative for Dhi Qar Governorate, Ola Al-Nashi, announced that government approvals had been obtained to reactivate and develop four vital factories in the governorate. Al-Nashi told Al-Maalouma,
“The approvals of the Ministry of Industry and Minerals were obtained to complete the industrial city file and connect it with electricity, to pay attention to the Nasiriyah Textile Factory and the Ur Company, to develop mechanisms for marketing their products, and to restart the Chibaish dairy factory.”
Although the Sudanese government has the intention to advance the industrial sector and other sectors, such as agriculture, this matter depends on the time that will reveal in the coming days giant projects that can provide the Iraqi budget with more funds. Ended / 25 AD
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