Page 7 - of Khadrun’, and that Mark said about the lineage of Jesus son of ‎Mary that he was 'The word of God which He placed in the human ‎body, so it became human’, and that Luke said, 'Jesus son of Mary ‎and his mother were humans of flesh and blood, so the Ho
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Investor Guide to Iraq 2021

                                A Glance at Iraq's Economy
                                Iraq's  economy  has  showed  a  good  performance  for  the  years  2018-2019,  since  it  varies  in  its  natural,  human,  and  spatial
                                resources.  In  addition,  it  has  a  healthy  economic  structure.  Given  all  that,  it  represents  a  very  suitable  environment  for
                                investments. The following economic, developmental, and social indications support such argument:
                                Oil Sector
                                      Oil plays a vital role in the development of Iraq's economy as it contributes to GDP about 56% in fixed prices for the year
                                       2018, (according to primary estimation of the five- year plan 2018-2022) and more than 90% of financial revenues.
                                      Oil sector has achieved a daily production of 4.401 m bpd in 2018 while it was 4.469 m bpd in 2017.
                                      Gas proven reserves is 132.9f³ trillion.
                                      Iraq has large potentials and competitive experience in sulfur-related industries. It also produces significant amounts of
                                       nitrogen fertilizers and phosphate.
                                      The daily average of oil exports for 2018 (3.836) million barrels / day
                                      The daily average of oil exports for 2017 (3.802) million barrels / day
                                       fixed oil reserves (146.9) million barrels

                                                                                         Table (1)
                                                                                    Oil Sector Indications
                                                     Fixed Oil Reserves 1/1/2018                146.9 Billion barrel
                                                     Fixed Gas Reserves 1/1/2018                132.9 trillion cubic feet (TCF)
                                                     The daily average of oil production for    4.469 m bpd
                                                     2017
                                                     The daily average of oil production for    4.401 m bpd
                                                     2018
                                                     The daily average of oil exports for 2017   (3.802) m bpd
                                                     The daily average of oil exports for 2018   (3.836) m bpd
                                                     Target crude oil 2019                      5.000 thousand barrels
                                                     Target crude oil 2020                      5.000 thousand barrels
                               *source: Iraqi Ministry of Oil/ studies, planning and follow-up Dept. according to its letter no.961 on 9/1/2019


                                Capital formation of the public and private sectors

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