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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