Unstable Oil Prices May Delay The 2023 Budget!!!

[Luigi1]

Here's some articles from Dinarland...

Unstable oil prices may delay the 2023 Budget.

Iraq wastes $10 Billion natural gas annualy.

Treat as rumors.  Not verified.  Your opine.

 

 

 

From Other Sources:   Oil Prices, The Deficit And The Kurds… The Budget Is Still Hovering In The Corridors Of Parliament.

ARTICLE: The decline in global oil prices & the deficit, which exceeded 60 trillion dinars in the budget, represent the most important obstacles that stand in the way of approving the budget, at a time when the people are waiting for a vote on it by the House of Representatives, as it is still oscillating in its corridors amid fears of price fluctuation & its decline to lower levels, as the parties are still.   The parliament confirms that there is a need to study the budget & settle the share of the Kurds & ensure that they do not object to the percentage specified for them in the budget, despite the fact that the Prime Minister settled matters during his visit to Erbil & the matter was confirmed by members of the State Administration Coalition.

 

Tlm724 Administrator Bondlady’s Corner:   A Government Spokesman Sets Out To Nina The Advantages Of Investing In Gas Associated With Oil Extraction.

ARTICLE:  The government spokesman, Basem Al-Awadi, identified the advantages of investing in gas associated with the extraction of Iraqi oil.   Al-Awadi said in a statement to the Iraqi National News Agency ( NINA ) that:   “Since the discovery of oil in the country, gas has been burning in vain without investing it,” noting that Iraq imports gas annually at an estimated amount of 5 billion Dollars & wastes & burns gas at a rate of 8-10 billion dollars.   Pointing out that the state’s vision is moving towards investing wasted gas in the future.  He explained:



 

[Fimum]

The flaring off of natural gas from oil production has been known and discussed for decades now. You'd think some enterprising Iraqi with trillions of "appropriated" dinars would develop a business opportunity. Evidently "appropriation" is far more lucrative.

[Luigi1]

here's another article related to the above...Iraq is diversifying it's economy...getting away from oil dependence...

 

 

Clare:   Iraq Is Diversifies It's Economy.

Article “The industry opens a new window on the Arab markets for the export of aluminum sheets” Quote “The Ur State Company of the Ministry of Industry and Minerals opened, on Tuesday, a new window on the Arab markets…strengthening the economic partnership between Iraq and its Arab surroundings, pointing out that the company opened the first line to export its products through the markets of Syria and Lebanon”