“All together, they cost about $100 billion,” the advisor, Mudhar Saleh, told Reuters. Iraq declared victory over Islamic State in December, having taken back all the territory captured by the militants in 2014 and 2015. At the conference, Iraq will seek investment in the downstream oil industry including in storage tanks, refineries and petrochemical plants to process its crude into plastics and fertilizers. Saleh said investments in the oil industry and agriculture will probably be easier to attract than other sectors given the country’s vast crude reserves, available land and water wealth. Iraq, one of the world’s largest wheat importers, aims to achieve self-sufficiency and possibly become a net exporter of the grain.

Source: bd News24 February 09, 2018 09:45 UTC