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An economist for / Nina /: Iraq must shift to the oil refining industry and invest in the associated gas
Monday 03, April 2023 10:20 | Economical Number of readings: 563
Baghdad / NINA / - Economic affairs specialist Dergham Muhammad Ali stressed the importance of Iraq moving towards completing the extractive oil industry and investing in the associated gas.
He said in a statement to the National Iraqi News Agency ( NINA ):
"The oil market is unstable, and
sales of crude oil are less attractive than oil derivatives, and
Iraq must move strongly towards refining to reach the global market with high-value oil derivatives, which have a higher demand than crude oil." He pointed out,
"The next stage must witness a diversification of revenues to avoid entering into a vicious circle due to the total dependence on rentier revenue." / End 8
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Monday 03, April 2023 10:20 | Economical Number of readings: 563
Baghdad / NINA / - Economic affairs specialist Dergham Muhammad Ali stressed the importance of Iraq moving towards completing the extractive oil industry and investing in the associated gas.
He said in a statement to the National Iraqi News Agency ( NINA ):
"The oil market is unstable, and
sales of crude oil are less attractive than oil derivatives, and
Iraq must move strongly towards refining to reach the global market with high-value oil derivatives, which have a higher demand than crude oil." He pointed out,
"The next stage must witness a diversification of revenues to avoid entering into a vicious circle due to the total dependence on rentier revenue." / End 8
[You must be registered and logged in to see this link.]
