Posted 26/07/2012 10:35 AM

Babinaoz (Reuters) – said Academy specializes affairs of the oil that opening up the technological world is witnessing led to be the economics of oil and gas, the cornerstone of the growth processes of producing countries, stressing that this concept is to make the oil markets, the upper hand in the organization of economic policy for the various joints, advanced industrial countries, and with He sees that the current through which Iraq required more strategic planning, stressed the need to find a tool or a driving force for the advancement of economic destruction, saying that oil is the most prominent of those tools and the driving means toward economic transformation towards achieving progress in sustainable development rates in the country.

The head of the IT department of oil in the University of Technology, Dr. Khaled Al Ajami al-Rubaie during his speech for the (morning): You need the economic boom in the various industrial sectors to finance financial in order to create the infrastructure, where the oil stream President for the construction of many of the vital sectors, so the driving force to achieve those gains are oil class basis, which is the most prominent factors to encourage and move the process of investment in various sectors of business and services and thus achieve an economic renaissance comprehensive in all areas of production. He said al-Rubaie said the world and the Next Fifty Years will not be able to dispense with the oil and gas as the main reservoirs of energy, He noted that the ratio of these two elements in various areas of the world amounted to more than 63 percent of all the key elements of energy, this means that the oil can not be replaced by any element of another during the time periods ahead, which calls for the exploitation of those for the rehabilitation of all industrial facilities, commercial and agricultural and tourist revenues that come to the country for the sale of petroleum in the world.

Iraq relies by more than in some cases, the proportion of 90 percent on oil imports in the previous Moisnath coverage, and to establish strategic projects task, and to cover operational expenses of the general government sector.

And warns the concerned of the dangers of this matter on the economic reality in general, and stress from time to time the need to find outlets other investment of non-oil, and increase production rates, and reduce the imports of industrial lead to the migration of big money abroad, stressing at the same time the importance of rehabilitation of public industrial, agricultural, and to the extent that they can Aanaachehema of production and competition and thereby enhancing the financial resources of the country and reduce the near total dependence on oil.
According to al-Rubaie that despite the great interest which the world is witnessing the subject of alternative and renewable energy, but it can not compensate for the demand for oil and gas in the global markets in the coming years, likely to increase rates of demand gradually over the next few years until you reach the highest ratios in 2020, warned at the At the same time the possibility of being affected by oil prices, many of the factors that lead the result to lower prices in world markets, especially the wars and the political situation volatile faced by countries of the year and in particular OPEC (oil producing countries), as well as pressure on those countries which usually hinder the plans and the specific production ceilings and built on a broad base of considerations.

However, al-Rubaie said that among the factors affecting the price of world oil is the financial and economic crises experienced by the world, as happened in 2009, and price fluctuations in the seasons of summer and winter, and increase the number of factories, the giant in the developed countries, as well as environmental factors and natural disasters that control is other world oil prices.
Is based on spring to a number of studies and research in his assertion that Iraq will stand at the forefront of countries with economies in an oil firm in the coming years, so having many of the qualifications the task that stands in the forefront of oil reserves and high potential physical, human and openness to the world, pointing out that all those combined features will play a vital role in Iraq to stop at the forefront of countries that have oil sobering economy in the region.

Explains Rubaie said oil licensing rounds, the four witnessed by the Iraqi oil sector is a sign of progress confident towards creating economy oil is strong, and the formation of science policy tries to Iraq crystallized in its strategy in the medium and long term, stressing that these tours will be reflected positively on the economic reality in its entirety for all provinces Iraq, praising the timeshare itself, including its oil ministry’s efforts said it was excellent in increasing the volume of oil investments, calling on them not to stop at a certain level to raise production but also to contribute in bringing about economic integration in the areas of refining and the provision of derivatives and exported in the construction of petrochemical industry that require more effort and hard work. :