An economist confirms the possibility of Iraq entering the field of investment in oil derivatives

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An economist confirms the possibility of Iraq entering the field of investment in oil derivatives

On Tuesday, the expert in economics Safwan Qusay confirmed the possibility of Iraq entering the market for investing in oil derivatives, delivering its derivatives to various nations around the world, and avoiding any changes in the price of oil worldwide.

Qusay told , “Iraq can possibly arrive at independence in fuel, particularly gas, and shift to putting resources into the administration of oil subsidiaries at the capacity level.”

“The shift to the aforementioned investment guarantees Iraq a realized revenue, so that in the event of a decline in global oil prices, Iraq can invest in the available stock of derivatives with the aim of not reflecting price fluctuations on import operations and thus ensuring that the oil products marketing company is not harmed,” he added.

He said, “Achieving self-sufficiency in fuel and the shift toward investment and export of derivatives requires the development of oil refineries and the establishment of new refineries that guarantee Iraq’s shift toward investment and export of derivatives.”