Home
What is the benefit of Iraq establishing a petrochemical plant in Egypt?!.. An oil expert explains
Economy |Yesterday, 13:33 |
Baghdad today - Baghdad
asked the oil expert. Nabil Al-Marsoumi, in his publication, today, Friday (April 19, 2024), about the feasibility of Iraq establishing a petrochemical and refining complex in Egypt.
Al-Marsoumi, in a post on the Facebook platform followed by Baghdad Today, revealed the existence of a study on the idea of establishing a petrochemical and refinery complex in Ain Sukhna, Egypt, adding that such a complex is considered one of the strategic oil industries that Iraq lacks, and what it possesses is considered “obsolete.” very".
According to Al-Marsoumi, the presence of such complexes in Iraq leads to the
formation of an important chain of forward and backward linkages that lead to the
development and diversification of the Iraqi economy,
providing many job opportunities,
obtaining new sources of foreign currency, and
reducing the impact of oil price fluctuations on the Iraqi economy.
Al-Marsoumi expressed his surprise at the thought of establishing this complex, in Egypt and not in Iraq, because
this could only happen if the country possessed a sovereign fund through which it would invest some assets in the oil industries, outside the country, as is the case with the Gulf countries, but the situation is different in
Iraq is in dire need of these industries at home, not abroad, and
it also does not have a sovereign fund, so that it is possible to invest in assets.
[You must be registered and logged in to see this link.]
Economy |Yesterday, 13:33 |
Baghdad today - Baghdad
asked the oil expert. Nabil Al-Marsoumi, in his publication, today, Friday (April 19, 2024), about the feasibility of Iraq establishing a petrochemical and refining complex in Egypt.
Al-Marsoumi, in a post on the Facebook platform followed by Baghdad Today, revealed the existence of a study on the idea of establishing a petrochemical and refinery complex in Ain Sukhna, Egypt, adding that such a complex is considered one of the strategic oil industries that Iraq lacks, and what it possesses is considered “obsolete.” very".
According to Al-Marsoumi, the presence of such complexes in Iraq leads to the
formation of an important chain of forward and backward linkages that lead to the
development and diversification of the Iraqi economy,
providing many job opportunities,
obtaining new sources of foreign currency, and
reducing the impact of oil price fluctuations on the Iraqi economy.
Al-Marsoumi expressed his surprise at the thought of establishing this complex, in Egypt and not in Iraq, because
this could only happen if the country possessed a sovereign fund through which it would invest some assets in the oil industries, outside the country, as is the case with the Gulf countries, but the situation is different in
Iraq is in dire need of these industries at home, not abroad, and
it also does not have a sovereign fund, so that it is possible to invest in assets.
[You must be registered and logged in to see this link.]
