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Monday, February 13, 2012 17:39
Expert: Iraq's oil revenues will reach 1.5 trillion dollars over ten years
BAGHDAD / Baghdadiya News / .. expect economic analyst Abdul Latif Salem Ugaili the arrival of Iraq's oil revenues during the next ten years to a trillion and a half trillion dollars, in the event of exploitation of oil well, with the discovery of oil fields other than through licensing rounds to come.
The Ugaili told / Baghdadiya News / Monday, that the contracts signed with oil companies in the past, reflected the Iraqi experience that lack mechanisms for clear policies for the management of the Iraqi economy, after the failed programs of successive Governments to manage the country in developing a strategy and a clear-cut.
He said to increase the volume of economic and social problems that affected the process of distribution of resources.
The Ugaili the need to implement the legislation in force as well as new legislation, such as tax law on foreign oil companies No. 19 of 2009, and the law of commercial arbitration, in order to contribute to strengthening the sovereignty of the state of its oil wealth and reduce unemployment, / End
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Expert: Iraq's oil revenues will reach 1.5 trillion dollars over ten years
BAGHDAD / Baghdadiya News / .. expect economic analyst Abdul Latif Salem Ugaili the arrival of Iraq's oil revenues during the next ten years to a trillion and a half trillion dollars, in the event of exploitation of oil well, with the discovery of oil fields other than through licensing rounds to come.
The Ugaili told / Baghdadiya News / Monday, that the contracts signed with oil companies in the past, reflected the Iraqi experience that lack mechanisms for clear policies for the management of the Iraqi economy, after the failed programs of successive Governments to manage the country in developing a strategy and a clear-cut.
He said to increase the volume of economic and social problems that affected the process of distribution of resources.
The Ugaili the need to implement the legislation in force as well as new legislation, such as tax law on foreign oil companies No. 19 of 2009, and the law of commercial arbitration, in order to contribute to strengthening the sovereignty of the state of its oil wealth and reduce unemployment, / End
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