Former electricity Minister Luay al-Khatib warned that Iraq’s strength disaster is on the brink of crumble, affirming that the usa’s gold reserves are inadequate to cover personnel’ salaries for just months.
“The absence of radical monetary reform inside the strength zone, similarly to the strength disaster being linked to domestic election guarantees, is seriously exacerbating the state of affairs, with arrangements for this and subsequent summers slowing down.”
He brought, “The power crisis in Iraq is at the verge of collapse, within the absence of radical monetary reform that consists of the energy, oil, gas, and renewable strength sectors.” He referred to that “Iraq’s gold reserves are inadequate to cowl personnel’ salaries for 2 months, at a time when price range are dwindling due to low oil costs and rising working charges.”
Al-Khatib talked about that “Iraq become now not prepared for the previous summer season or the cutting-edge one, and could no longer be organized for the coming summer season except a company political choice is made and reform is supported across consecutive government periods,” emphasizing that “the minister’s powers are constrained to submitting proposals simplest.”
He explained that “reviewing the fee of power produced and sold to clients, addressing the desires of those registered with social protection nets, and restructuring groups and separating them from ministries are necessary steps to keep away from the disintegrate of the electricity gadget.”
Al-Khatib pointed out that “the energy crisis is an internal problem related to election promises, and that neither the usa nor Iran have something to do with this hassle,” noting that “the price of fuel for electricity manufacturing quantities to $15 billion annually.”
He also found out that “the issue of exemptions related to Iranian gas changed into dealt with through his personal relationships,” explaining that “Iraq’s essential problem lies within the fact that successive governments treat previous government choices, whether right or wrong, as though they had been a army coup, not a peaceful transfer of energy.”
at the quit of his remarks, Al-Khatib emphasised the “want for strong leadership to reform the country wide economic system, with a clear imaginative and prescient for worldwide market adjustments, even as calling for a shift in the u . s . a .’s governance philosophy away from the “campaign residence” technique.”
