Parliamentary Economic confirms plan to start the development of industry and agriculture sectors and lack of dependence on oil

Date: 13/11/2014 14:22


Information / special / ..

Announced to the economic and investment commission in the House of Representatives, on Thursday, starting with a plan to develop industry, agriculture and tourism sectors and reduce reliance on the export of oil to avoid exposure to the economic problems of the country in case of low world oil prices.

The committee member said Osman Tahir told / information /, that "Iraq is still so far depends on the basis of oil in the economy, and this is wrong as to be exploiting the private and other sectors such as agriculture, industry and tourism sector."

"The drop in oil prices affect the economy of the country and like what recently noticed how it affected Iraq to decline, from here, the importance of relying on non-oil source," noting that his committee "recently discussed the importance of the development of agriculture, industry and benefit from the sector."

Tahir said that "the development of other sectors needs to be more time, because we are suffering from the legacy of a long and heavy due to the decline of other sectors and lack of development."

Oil prices have fallen recently, reaching under $ 80 per barrel, what reason have a direct impact on Iraq's economy, which depends largely on the basis of a 25 vests Alnaftyh.


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