Iraq to gradually phase out oil

[yota691]

Iraq plans to phase out oil

 

money and business Economy News _ Baghdad The Minister of Planning Salman Jumaili, on Monday, the Iraqi trend towards the phase-out of oil gradually, stressing that Iraq is qualified to go this way.  "Iraq has prepared a ten-year reconstruction document covering all sectors and activities," Jumaili said in an interview with the Saudi daily Al-Riyadh. "The work document includes priorities in the forefront, including the housing and services sector at an estimated cost of 100 Billion dollars and will be funded from the reconstruction and loan program, the State Treasury and the contributions of the private sector. "  He added that "Iraq is planning to develop various sectors of development and the sectors of agriculture and industry will be among the priorities of our attention and that the plans are moving towards the phase-out of oil that Iraq is qualified to follow this trend because of its capabilities and potential." Jumaili pointed out that "there are real measures taken by the Iraqi government recently to reduce the routine in the joints of the state to encourage investors and facilitate the task of investment in Iraq."  Views 1382   Date Added 02/26/2018

[Pitcher]

The Minister of Planning Salman Jumaili, on Monday, the Iraqi trend towards the phase-out of oil gradually, stressing that Iraq is qualified to go this way.
“Iraq has prepared a ten-year reconstruction document covering all sectors and activities,” Jumaili said in a statement to the Saudi newspaper Al-Riyadh. “The work document includes priorities in the forefront, including the housing and services sector at an estimated cost of $ 100 billion. Loans, state security and private sector contributions “.
He added that “Iraq is planning to develop various sectors of development and the sectors of agriculture and industry will be among the priorities of our attention and that the plans are moving towards the phase-out of oil that Iraq is qualified to follow this trend because of its capabilities and potential.”
Jumaili pointed out that “there are real measures taken by the Iraqi government recently to reduce the routine in the joints of the state to encourage investors and facilitate the task of investment in Iraq.”

[wizard1]

How can they exist without oil revenue?

[King Bean]

They've got so many loans and debts, the only way they will quit oil is when they pump out the last drop, then

run out of gas, then run out of sand and start selling camel dung. Whatever that guy was smoking, give some

                                         to Finance, GOI and CBI. Let's get the show on the road. 

                                                                                                                                                       

[NextYear]

5 hours ago, wizard1 said:

How can they exist without oil revenue?

 

I think it's just their long winded convoluted way of saying they are going to diversify their economy. They've got plenty of other natural resources they haven't really tapped into yet. So if there's a crash in oil prices again, they won't feel the pinch. 

[Bunk]

And Iraq's new export is         ...