According to a global report .. Iraq one of the richest countries in natural resources

Date: Sunday 10/27/2013 10:44 pm

The news agency here south /

A report published by the newspaper "The Wall Street Journal," the U.S. said Iraq ranked ninth class of among the most امتلاكا states of the natural resources in the world.


The report indicated that those resources of about 15.9 trillion worth of oil, gas and phosphate, as it has been calculating the value of natural resources based on the goods of natural resources ten most valuable, namely oil, gas, coal, forestry and timber, gold, silver, copper, uranium, iron ore and phosphate.

The experts confirmed the natural resources that the Iraqi environment of environments rich teeming with riches, but the bet remains on how to invest this wealth that looks fortunes are disabled in some cases, said environmental expert Hadi Nasser said "the global report omitted a lot of other forms of wealth in Iraq, such as mercury Red in southern Iraq, which is considered a rare and unique at the same time. "


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[ltr]Oil is considering the inclusion of Minerals Iraq within the next licensing rounds[/ltr]
[ltr]October 28, 2013 11:37 AM Updated: October 28, 2013 11:46
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Confirmed the Iraqi Oil Ministry, yesterday, they seriously considering the inclusion of metals Iraq within the licensing rounds coming, as pointed out that the Ministry of Industry and Minerals real partner for activating those tours, promised that the security situation has proved that it does not affect the investment in Iraq, "but if I want him to affect. "

A spokesman for the Oil Ministry, Assem Jihad, said in an interview to (range Press), said that "much of the world uses rounds special licenses in minerals and the rest of the other natural resources to support its economy and its development, and that the coming period will be suitable for the licensing round especially in minerals and success."

Jihad said that "the security situation has proved that it does not affect the investment in Iraq, but if it is to affect the evidence to do rounds licenses numerous gas and oil."

The Jihad that "government reports, local and even international explained that Iraq has a lot of natural resources and minerals that possible benefit from an investment of permeated interest big country," noting that "those resources amounting to approximately 15.9 trillion dollars of minerals Calfosvat and sulfur in addition to oil and gas . "

He Jihad that "What Iraq needs today is that there would be movement targeted investment minerals and all concerned, as is the case with the investment of minerals and natural resources," pointing out that "the activation of licensing rounds for metals enter the Ministry of Industry and Minerals as an essential partner, as the management phosphate, sulfur, especially in Western Sahara will be the responsibility of the Ministry of Industry and Minerals, which will certainly be the forerunner in the Declaration of those tours and help us. "

A report published by the newspaper (Wall Street Journal) U.S. classified as Iraq ranked ninth among the most امتلاكا of natural resources in the world, while Russia was ranked first in the evaluation of the newspaper of U.S. natural resources worth an estimated 75.7 trillion dollars thanks to its multi-especially oil and gas and forests, while the United States came in second place with 45.55 trillion.

As the spokesman for the Ministry of Planning Abdul-Zahra al-Hindawi in an earlier statement to a number of media that Iraq is seeking to increase the export of wealth nature of oil and gas and towards urged the pace for the development of sectors of national development, noting that the five-year plan 2013-2017 will take it upon themselves to develop some vital sectors to be suitable substitute for oil in the coming years.

Iraq needs investments of $ 15 - $ 20 billion in investments to create four new refineries and the expansion of the energy sector.

Iraq relies in financial موازناته so almost entirely on oil and by up to more than 90%, where the Iraqi government announced the budget in 2013 budget amounted to 138 trillion dinars, which adopted the exports increased by 2.9 million barrels at a rate of $ 90 per barrel.

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