Iraq Risks Economic Collapse.

[Luigi1]

From around Dinarland...

Iraq Risks losing the country over economic collapse.

Marsoumi warns of blind sighted economic policies.

Iraq fails to move economically as the citizens starve.

Treat as a rumor.  Not verified.  Your opine.

 

 

Tlm724  vis BLC:

ARTICLE:  An Economist Issues A Warning: Iraq Is Close To The Danger Zone.

Economics expert, Nabil Al-Marsoumi, warned, on Saturday, that Iraq “has become close to the danger zone”, due to the drop in oil prices to $86 a barrel.

 

Al-Marsoumi wrote in a post on his Facebook wall, “Iraq has been bitten from the same hole several times!!  The drop in the price of oil to $86 per barrel means that Iraq is close to the danger zone.”

He explained, “Iraq needs a price of $80 per barrel & exports of 3.3 million barrels per day in order to obtain oil revenues of up to 140 trillion dinars, which are sufficient with non-oil revenues to cover the requirements of public expenditures, which rose by 25 trillion dinars this year as a result of the legislation of the Food Security Law.” Ended 29/N33   

[jeepguy]

Ohhhh, my goodness,  it's down to 86. Dollar a barrel. 

Ahhhhhhhh! Such a Cural world. 

We can't survive....

( 🤔 been down to 40 a barrel if I remember correctly) 

Just means the crooks are getting ready to fill their pockets again 

Edited September 25, 2022 by jeepguy
Changed lowest price

[Luigi1]

1 minute ago, jeepguy said:

Ohhhh, my goodness,  it's down to 86. Dollar a barrel. 

Ahhhhhhhh! Such a Cural world. 

We can't survive....

( 🤔 been down to 30 a barrel if I remember correctly) 

Just means the crooks are getting ready to fill their pockets again 

 

Iraq can support a Budget at $40 barrel or higher.

Oil prices will never get that low again due to OBiden's energy policies.

The problem is not oil prices as much as it is a failure to get a Budget.

Parliament brought this crisis on themselves by their own inept inactions.

If the economy collapses, it's all on them.  IMHO.

[Luigi1]

here's another article related to the above...

Investors will not come into Iraq without security.

Iraq cannot depend on oil reserves, alone.

 

 

Samson:

Article:   “Embassy of Iraq in Berlin: There is nothing to prevent German companies from investing in Iraq”  Quote:  The Iraqi ambassador in Berlin “…but there are considerations…He added, The first of these considerations is the security situation, which the media marketed badly, contrary to reality, as Iraq is currently enjoying stability, and the second matter is the bureaucracy applied under the laws, which does not encourage the expansion of companies’ work in Iraq.”

[cjdavid]

What are you all talking about?!!! Frank says everything is Gooood!!!

[screwball]

21 hours ago, Luigi1 said:

Iraq cannot depend on oil reserves, alone.

Kuwait does quite well….

[Luigi1]

58 minutes ago, screwball said:

Kuwait does quite well….

 

I worked in Kuwait for 6 years.

Kuwait has a very diverse economy & trades with the whole region.

Kuwait leads the entire Middle East Nations in manufacturing & trade at the moment.

Kuwait is 2nd to UAE in banking & int'l commerce.