Iraq Fortunes
Oil
Iraq's economy depends heavily on the Petroleum, the manufacture began since 1925 in Papa kirkur field. Iraq has reserve Petroleum fixed about 112 billion barrels, making it the second largest known oil reserve in the world after Saudi Arabia. Iraq's oil reserves concentrated in the south of any province of Basra, there are 15 fields.
In 2008, Iraq’s crude oil production under the control of the regional state-owned oil companies averaged 2.4 million barrels per day (bbl/d), about two-thirds of production comes from the southern fields, with the remainder from the north-central fields near Kirkuk.
The Iraqi ministry of oil take control over the oil contracts and manage it too.
At present, the majority of Iraqi oil production comes from just three giant fields: North and South Rumaila and Kirkuk.
- Oil fields in the south:Nahr Omar, Abu Zarkan, Rumaila In Basra, Ahdab, Dujailah, Zubair , Heath, West Qurna, Bazargan, Nasiriyah and majnon field.
- Oil fields in the north: papa Kirkur, Koysanjaq, Ain Zala in Mosul , Baker in Kirkuk , Alekiarp, Jambour, Hmrien, Belkhanp, Btmp in Mosul, Chamchamal in Kirkuk and Bai Hassan.
Sulphur
in the land of central Iraq, the second and third wealth ground in terms of economic value and importance of strategy, and near the city of Mosul is located Mishraq the biggest field of sulfur in the world, which is characterized by Banagaute high and the occurrence of backup on the depth is great, especially since it was entirely appropriate for a method of extracting simple pump water Hot and cool the resulting liquid in the basin and wide.
Visit the Mishraq sulphur state company in Iraq to have more information.The Ministry of Industry and Minerals offer a lot of tenders to investors.
Phosphate
it is available in Iraq region so heavily. was discovered since the sixties of the last century, one the most important fields is Alkahest field. It’s known by its strength of a fragile bottom easily, and by high purity. The State Company For Phosphate has a lot of tenders and contracts to the interested investors in phosphate.
Natural Gas
the wealth of Iraq’s untapped gas today is no less important for
Oil wealth if it invested correctly. They are able to run all the power stations, as well as export it to the European countries.
Specialists estimated losses of Iraq because of the exploitation of gas at roughly 70 billion dollars annually as a result of burning 70% of the gas associated with oil extraction, which caused Alsnth burning as long as the oil well producing a negative impact on the environment due to launch gas carbon dioxide.
Iraq has about four trillion cubic meters of natural gas proven it also reserve uncertain amount goes into to nine billion. Pointing out to global companies and investors to look forward to invest Iraqi gas for its high quality and low cost production.
Rumayla gas field is one the most important fields in Iraq.
Agriculture
Given the rich water land in Iraq made the agriculture sector one of the most important part of Iraq economy. The most important products are seeds,grain,dates, vegetables and fruit. The focus agricultural areas was about Tigris and Euphrates rivers and its branches all around the country.
after the war there was no interest in the agriculture sector which caused to huge problems.The Ministry Of Agriculture in Iraq giving a lot of effort to keep the agriculture situation in a good statues.
Iraq geopolitical position
Iraq has a great position in which close to global markets and overlooks the Arabian Gulf, making it an important geographically focal point in the international trade, linking between the near east and the western world. Networking through airplanes, ports and railways are great factors that helped Iraq to become such an important gateway.
Iraqi ports:
