مجلس الاعمال العراقي | مظلة الاستثمار والشركات العراقية في الاردن

A study of the development of the reality of the oil industry in Iraq

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A study of the development of the reality of the oil industry in Iraq

M. Turki Al-Qaisi

Iraqi Business Council

The oil sector represents the backbone of the economic life in our country, Iraq, as it is the main source of the country’s budget and the basis upon which the country, for its current and future generations, depends.

The derived petroleum products also play a dangerous role in the course of the economy and development in all its forms.

The Iraqi oil sector suffers from great delays due to the difficult conditions that the country went through during the past three decades, and a large area of ​​Iraqi lands has not been explored so far, and the size of the oil and gas deposits in the country is unknown.

For the purpose of upgrading this sector and developing this industry, we review below some of the technical aspects that we think it is necessary to give the necessary attention and work to implement them in the near future.

Attachment is the text of the full study.

The idea of establishing the Iraqi Business Council is based on the common desire generated by a number of elites.

Those who are Iraqi investors and businessmen on the territory of the Hashemite Kingdom of Jordan unanimous in the importance of creating economic reference for them, as well as for those who wish to join them in order to maximize Iraq’s investment in Jordan, as well as to contribute actively to Iraq’s construction and reconstruction.

The idea of establishing the Iraqi Business Council was well-founded and blessed by the Government of the Hashemite Kingdom of Jordan.

Accordingly, the approval of the competent Jordanian authorities was commended for launching the Iraqi Business Council in Jordan.

The one who carried out the mission of founding is an elite of Iraqi businessmen of recognized competence and abilities.

and since the Council’s inception in late 2006, members have worked towards efforts to support Iraqi investments in Jordan.

as well as coordination and cooperation with official entities, to find solutions and proposals to overcome obstacles and constraints facing investors s economic, investment and trade cooperation between Jordan and Iraq.