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Analysts of the national economy is suffering a recession as a result its dependence on oil revenues only
On: Tuesday 6/5/2012 6:55
Baghdad / follow-up term
, said economic analyst cute Abdel Salem Ugaili, that the Iraqi economy suffers a recession because of its reliance entirely on an income of crude oil.
said Alachaeli (of the Agency news): Iraq is suffering a recession because of its reliance on oil revenues and the disruption of other economic sectors such as agriculture and Industry, Trade and Tourism and the neglect of the private sector and non-activated because of the lack of meaningful economic plans.
He added that the government should develop plans for economic development and employment of the oil revenues to develop the sectors of economy, noting that the approach of the Iraqi economy has become the direction of a free economy and needs to be special activities and mechanisms of large.
He explained: that the economy is in major countries is very strong to the extent that it directs politics, as happening in the United States that give the economy the utmost importance because it is the secret of its strength and superiority, while we find in developing countries, including Iraq, that politics are driving the economy and employed to their interests, making it weak.
In the meantime, Rapporteur of the Commission on oil MP Qassem Mohammed Mchkta, that the initiative Iran to cooperate with Iraq in order to invest joint oil fields will be in the interest of Iraq and raise its oil exports.
said Mchkta (of the Agency news): The joint cooperation between Iraq and Iran will affect positively the lifting of Iraqi oil exports, adding that Iran is a neighbor and her experience in the field of oil large companies can local Iraqi to take advantage of their expertise.
He added that good international relations in the field of economics have major impacts, and Iraq as a developing country and as a new political needs for support and technical expertise in all areas, noting that Iran has a high capacity in the field of refining Oil can be used.
to that praised the oil expert Halim Kazim, the idea of investment joint oil fields and the development of a third country, the median for the distribution of production quotas for the common fields, and described it as a very good idea.
expert said (of the Agency news): The initiatives of the neighboring countries to cooperate with Iraq in order to invest joint oil fields and the development of a third country "as a court of international" is a good initiative to distribute the share of each of the production of common fields, and will reflect positively on increased oil exports.
He added that the contracts concluded by the Ministry of Oil with Kuwait and Iran and Saudi Arabia decades transparent, fair and written in a professional manner for Iraq, noting that the development of a third country to be an international court will ensure that the division of shares of the oil fields shared fairly among nations.
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