Warnings of continued high oil prices and their impact on the size of the Iraqi economy

[alan_coaks_3]

19/04/2011

BAGHDAD - A follow-up to the morning

With leading experts expected a negative impact because of the continued rise in oil prices could go back to the damage global growth remains stalled in Iraq not to place investment opportunity to rise.

If the expectations come true, how will the Iraqi economy, share them?

Analysts said the impact would be double first, to deprive Iraq of the benefit from the rise in prices because of the expansion projects of oil so far on the one hand and the second will have negative effects on the economies of the world have repercussions on Iraq as far as the commercial and other Baltalamat.

Drew attention to the oil expert and former oil minister in his speech for the (economic morning) the need to resolve the issue of the associated gas project in southern Iraq in order to seize the opportunity of rising energy prices in the world by the events of the Middle East, which continue to affect other countries.

In the view of sea science in this regard need to resolve the controversy regarding the contract between Shell and its partners Messoboc with the Southern Oil Company to invest in associated gas in the southern fields to display the project to a new licensing round and is paralyzed from the competition between the companies.

Bahr al-Ulum, and hinted that the time passes quickly without the investment opportunity, which he described the gold that Iraq could lose a lot longer standby time and non-oil investment projects.

In regard to the offline world economic analyst warned that the waves of economic and social turmoil in the Middle East will be severe consequences on the global economy requires a new and fundamental reforms in the foundations for economic cooperation.

The view that the peoples of the region is betting a lot on what governments after the revolutions, but hinted there could be no quick fixes.

Reports also indicate that foreign investors are looking for alternatives to their investments because of the instability and high risks and experts predict that foreign investment will flow to the Gulf states, which enemy the most stability.

Question here how to read the most prominent experts in Iraq this scene at the time, we find that Gulf companies have a desire to invest in Iraq, (ie GCC) center to attract global investment expected as we here are still not able to capitalize on opportunities Gulf desire to invest in Iraq?

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