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Economist: Iraq Has Many Opportunities To Invest In Oil Instead Of Selling It

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Economist: Iraq Has Many Opportunities To Invest In Oil Instead Of Selling It

ECONOMIC    2022/07/28 | 8:00 PM
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On Thursday, economic analyst Younis Al-Kaabi confirmed that Iraq has many opportunities to invest in oil with many major countries, similar to the agreement with France, which provides for obtaining oil in exchange for the export of aircraft to Iraq.  Al-Kaabi said in an interview with Al-Maalouma that

"there are many agreements that did not see the light of day, especially with South Korea, which was to build Iraqi infrastructure in exchange for oil," stressing that

"the Russian war with Ukraine will increase the rise in oil prices because the signs of the global crisis have begun." Her features appear.  He added,

"The Chinese agreement, whose contract with Iraq was not completed, would have served the country a lot by pledging to build thousands of schools and residential complexes, as well as state institutions, according to the development and modernity that has not entered Iraq so far."  He continued,

"If Iraq takes such strategies and concludes agreements, the rise or fall of global oil prices in the future will not directly affect the work of Iraq's future projects."

Global oil prices rose in all countries, as a result of the global war between Russia and Ukraine and Russia's decision to stop the export of oil and gas to Europe and America.
finished 25/j

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