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MP warns of complete dependence on oil imports
1/22/2012 8:40
□ Baghdad / term
warned Parliamentary Hassoun al of the economic disaster in Iraq in the event of continued reliance on oil imports in national income. said Fatlawi according to (where) the negatives key in the economic process in Iraq is a total reliance on one source of income for the oil because the latter gallery to the decline in global markets
And if the failure in this source may get an economic disaster can not be predicted and can not be negative conclusion and its impacts on the people. He Fatlawi that Iraq has a lot of ingredients and natural and economic resources that make it able to not rely on oil, such as industry, tourism and agriculture.
indicating that the latter still depend on farming methods primitive.
and called on the government to find ways to stimulate and develop this vital sector and reliable tributary to the growth of the national economy. The imports of crude oil exported from Iraq resource is the basis of the financial income of national of the country and more than 85% of the financial budget of the State.
The warnings in light of that seen in the Gulf state of stress and tension after Iran threatened to close the Strait of Hormuz and the cessation of oil exports, which pass through which an estimated 40% of global demand, if the U.S. and the West to impose economic sanctions on Iranian oil or striking nuclear sites and its affiliates.
The Iraq depends on oil exports for the time being of the ports Iraq overlooking the Gulf, the Shatt al-Arab by more than two million barrels per day in depends on the Turkish port of Ceyhan to export about 400 thousand barrels up to him only as Iraqi oil via pipelines passing through the northern region, while not benefit from the extended pipeline in the occupied Syrian and Saudi Arabia.
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