Date: Monday 06/06/2011 18:44
BAGHDAD - Mustafa Al Hashimi
Preparing Gulf Keystone oil export oil from Iraqi Kurdistan, after it seemed that the difference between the Territory and the central government in Baghdad on oil payments on his way to the solution. The company said that the Government of Kurdistan, the British asked them to export five thousand barrels per day initially. She said she discovered evidence of the presence of more oil reserves in two of the wells there. It was the resumption of oil exports from Kurdistan in February after a period of disagreement with the central government in Baghdad. The Kurdish government said last May it had received payments from the Iraqi government for exports and that it intends to use to pay dues to oil companies.
Operates the oil producing countries and gas to diversify sources of income to have all means and possibilities available according to frameworks and standards that take into account the requirements of diversification and local nature of projects and sectors to be developed, and provides those countries for that package of facilities and incentives for key sectors, particularly the industrial sector, non-oil sector, tourism and services sector logistical support to extend development efforts to encourage private sector to engage in major investment projects in industrial and other products, in addition to creating an attractive investment climate for attracting capital and the creation of appropriate frameworks for the promotion of export industries in the first place.
And vary the capacity of States to succeed in the radical transformation of concrete on the structure of sources of income to have depending on the stage of development reached by the competitive advantages enjoyed by whether specializes clear vision of the future in accordance with specific plans based on factors of success almost certain, in addition to the availability of domestic capital, first and foreign II , in what is considered to provide the required raw materials and the development of infrastructure and flexibility of the system of customs and provide the necessary energy and the main pillars supporting the overall economic semination and diversify sources of income of the countries whose economies depend on the revenues oil and gas sector.
Given the structure of the sources of income of the oil-producing countries and gas did not reach the stage of the transition to industrialized countries find them concentrated on oil and gas until the moment, this is necessary as the diversification of the economy and the search for alternatives sources of income does not mean reducing the proportion of the contribution of oil and gas sector of GDP and move away gradually from a monopoly situation returns the energy sector of the sources of income but is required to develop and support the capacity of production and service sectors other strategic to enable it to increase its contribution to GDP, approaching the rates of contribution to the energy sector, so that the economic diversification requires the presence of a sector or more supportive of the development plans will there is the development and diversification otherwise.
Saudi Arabia won the GE. GS Engineering and Construction South Korean contract worth 425 billion won ($ 392 million) of the International Company for polymers to build facilities for the production of ethylene vinyl acetate in Saudi Arabia that the end of the construction work by 31 August 2013. The company entered into the Saudi Basic Industries Corporation (SABIC) sharing agreement a strategy to establish a joint venture equally with the two Japanese initial capital of 40 million riyals, which concluded with the companies of Asahi Kasai, Mitsubishi «Convention on the strategic partnership to establish a limited liability company on behalf of the Saudi Japanese Akrlonitrajl« Sunrise »in the Kingdom Saudi Arabia. The initial paid-up capital SR 40 million (any) one billion yen or $ 10.7 million. SABIC will hold 50 percent stake in the joint venture will be distributed with the remaining share of 50 percent on the two companies Asahi Kasai Chemicals and Mitsubishi. The company will construct factory is the first in the Middle East for the production of ethylene Alakrlonitrajl and sodium cyanide to the sales and distribution partners.
While begin Kuwait Petroleum Corporation and China's Sinopec to build an oil refinery and petrochemical plant in China at a cost of nine billion dollars in the first quarter of next year. Last month, Kuwait announced that it is in talks with the BBC. BP and other big energy companies on a possible role in the refinery project. The aim of Kuwait's fourth-largest exporter of crude oil in the world to raise crude exports to China more than doubled to $ 500 thousand barrels per day. And ensures the project port of Kuwait for the sale of oil before the competition from other countries, including Venezuela, Russia and Qatar are all planning to build refineries in China.
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