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mike alfred

Iraq Going to Occupy Its Previous Place in The Oil Industry - 0 views

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    The international experts believe that Iraq has ability to increase the production of oil in the international market and it is going to regain its previous position in the oil industry of the world if it continued with this pace. Five years ago, electricity in Iraq was not available in Iraq. Only 6000 mega watt electricity was available to fulfill the country needs.
mike alfred

New Protection Law for Industrial and Agriculture Products - 0 views

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    Iraqi Dinar 123 News:- Iraq stands with the application of the law with the protection of industrial and agricultural products in such a way that the country feels betterment for its economy.
mike alfred

Govt. Launches Bonds for Industrial Sector Support - 0 views

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    Iraqi Dinar 123 News:- Iraq is facing lot of challenges internally and worldwide these days. The lower oil price internationally is a big challenge for Iraq. Iraq oil exports are down gradually. Iraq is one of the larger oil producers in the world but low oil prices effected Iraqi exports.
mike alfred

Lifting Oil Ban Can Enhance $1.3 Trillion in The Next 15 Years: Washington - 0 views

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    The expected jobs in the oil industry will increase by 340,000 by the end of 20130. This will be a major success for Iraq and its economy. We know that oil industry of Iraq is the backbone of the country that enhances the revenue of the country and also the major source of employment opportunities in the country.
mike alfred

Challenges Iraqi Industry Facing Now - 0 views

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    The insurance sector in Iraq is facing the great problems in Iraq, even though this sector has the native laws and regulations, which has made this sector as a very important sector of the Iraq.
mike alfred

Dependence on Oil Can Harm the Economy of Iraq - 0 views

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    The economists believe that dependence of oil will seriously harm the economy of Iraq. The economy of Iraq will be in disaster if global market faced any crisis. Iraq must understand that just oil industry cannot satisfy the whole demands of the country. The oil industry alone cannot produce the jobs for everyone.
mike alfred

Total looking at building big petrochemical unit in Iraq - 0 views

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    The head of Total's refining and chemicals division, Patrick Pouyanne, said he signed a preliminary accord with Iraq's industry ministry in November 2013 to examine the feasibility of the complex in the southern Iraqi port of Basra.
mike alfred

Iraq Should Explore Remaining Oil Reserves - 0 views

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    Iraq News Agency: Iraq has explored much oil which is giving much revenue to the country annually. Recently in 2012 the trade gave 85% of the total revenue to the country. The revenue of oil has always dominated the export industry of Iraq.
mike alfred

Iraq's Current Economic Growth And The Role of CBI - 0 views

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    CBI, also known as Central bank of Iraq is the main bank of Iraq. The Bank is busy in making progress for country. It makes several plans including taking care of currency, economy, oil production, and growth of other industries, etc. However, making progress in present condition is not an easy task to carry out. For this reason, Iraq is facing several challenges towards its journey to complete success.
mike alfred

Kurdistan Oil Stock Reaches 2.8 Million Barrels: Turkey - 0 views

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    The oil and energy ministry of Turkey announced that the Kurdistan oil stock at Turkey port has reached 2.8 million barrels with the export of 100,000 barrels per day. It shows that the performance of oil industry is so good in Kurdistan. Kurdistan with the cooperation of Iraq is exporting crude oil in the international market via Turkey.
mike alfred

Iraq Sign Deal with Japan for the Development of Infrastructure - 0 views

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    In the first phase, Japanese company will have to construct three bridges by the July next year and the other development projects will be given to the company after the completion of this project. Iraq infrastructure and housing industry will monitor the whole contract and the new projects will be assigned according to the suggestions of this ministry.
mike alfred

Impact of Poor Law And Order Situation at The Economy of Iraq - 0 views

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    The crude oil is the backbone of the economy of Iraq. More than 90% of Iraq economy is depended on the production and export of crude oil in the international market. Unfortunately, Iraq could not balance between oil and non oil sector of Iraq. Now the attacks on major cities of Iraq destroyed the oil industry of Iraq badly and the oil production and export of Iraq is almost half in the international market.
mike alfred

Iraq Achieves Tax Revenue Goals - 0 views

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    Iraq achieved the tax revenue goal for the year 2013-14, said Dr.Issam. The oil production of Iraq reached 3.25 million barrels as compare to the 2.6 million barrels per day in 2012. Iraq generates maximum revenue from export of oil in the international market that automatically enhanced the total government revenues and the total tax collection increased in the oil industry of Iraq.
mike alfred

0.50 Percent Decrease in GDP During 2014 - 0 views

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    The Minister of Finance and the Governor of the CBI need to discuss the different events and manage the things so that everything can be handled in a better way. The GDP is based on the management of a better Iraqi government. It is important that the new growth rate should be implemented and things should be handled with care and managed with a better system of growth for the oil industry in Iraq.
mike alfred

Oil Price to be High Again By the End of 2015 - 0 views

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    The reporter writes in its posts about one of the OPEC member, who said, "Oil market will rebound the end of the 2015". Obviously, the reducing oil prices will affect the economies, which are oil based economies, but this is fact, Oil industry is again going to rebound and the rates will increase again.
mike alfred

Seminar to Overview Economic Development Held in Erbil - 0 views

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    Association in Erbil organized a seminar to examine the economic development, honored banking possibility of developing banking sector and the contribution of the banking sector. Association conducted in the meeting that there is a potential of banking industry in the Iraq and the growing sector of banking can really helpful for the financial development of Iraq.
mike alfred

High Costs and Risks - Issues Investors Facing in Iraq - 0 views

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    The government encourages the investors to invest in the country. That's the reason we have seen numbers of companies operating in Iraq nowadays. But investors claim that this relaxation is given to the multinational companies and especially to those companies ready to invest in the oil industry of Iraq.
mike alfred

Capital Migratories Need to be Invited With Great Attractions - 0 views

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    The financial capabilities of the country are facing a lack of proper development. The tactics used for the betterment of the different industries are quite helpful for a better management of things. It has been seen that the present condition is better than what had been happening since some time due to which the conditions of the country are getting better.
mike alfred

Fighting in Iraq Yet Not Raised The Oil Prices - 0 views

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    Iraqi Dinar 123 News:- Iraq is the second largest oil producer in the world after Saudi Arabia. It was expected that with the recent instability in Iraq will disturbed the international oil market so badly. Fortunate the oil industry is not affected too much by this insurgency of Sunni Militants.
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