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Iraq targets $500 billion in energy-related investment

Reuters -- Iraq will invest around $500 billion in energy and linked industries with the help of the private sector by 2030, generating around $6 trillion in revenues, the Deputy Prime Minister for Energy said on Sunday.

Hussain al-Shahristani said the growth generated would create around 250,000 jobs for the war-torn country, which is trying to rebuild its economy after years of violence and economic sanctions.

"As for investment opportunities; investments between now and 2030 in the energy sector and linked industries will amount to about $500 billion, of which 80 billion is expected to come from the private sector," Shahristani said.

"That investment is expected to generate about $6 trillion in revenues for the government, mostly from oil exports,"...

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Submitted Oct 03, 2012 By: NOTSOGRN

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remay Champion Author Houston Posts:6,943 Points:2,112,640 Joined:May 2006	Message Posted: Oct 4, 2012 9:07:02 AM Ignore remay Report Abuse Will it ever come to pass?
ExplorerWA Champion Author Washington Posts:4,057 Points:792,400 Joined:Feb 2011	Message Posted: Oct 3, 2012 11:08:06 PM Ignore ExplorerWA Report Abuse Yeah, pay us back. We need the money.
Tutootin Champion Author Toronto Posts:10,096 Points:3,072,455 Joined:Jun 2004	Message Posted: Oct 3, 2012 11:51:04 AM Ignore Tutootin Report Abuse henryeOH, too true!!!
LuckyD43 Champion Author Long Island Posts:31,950 Points:2,163,095 Joined:Apr 2005	Message Posted: Oct 3, 2012 11:48:47 AM Ignore LuckyD43 Report Abuse If Iraq has $500 BILLION for energy investments, then they also have the money to pay us back for OUR investment in THEIR war.
Grismer Champion Author Kitchener-Waterloo Posts:8,509 Points:1,719,070 Joined:Apr 2008	Message Posted: Oct 3, 2012 11:45:34 AM Ignore Grismer Report Abuse This apparent economic stability comes at a great cost to other countries than Iraq.
ARCO Champion Author Pittsburgh Posts:2,323 Points:2,372,395 Joined:Sep 2005	Message Posted: Oct 3, 2012 11:44:15 AM Ignore ARCO Report Abuse THEY HAVE THE $$$
99church Champion Author Indiana Posts:1,796 Points:357,065 Joined:Oct 2011	Message Posted: Oct 3, 2012 11:40:52 AM Ignore 99church Report Abuse well said craigsfrank
Ken2OD Champion Author Grand Rapids Posts:9,047 Points:1,966,965 Joined:Dec 2005	Message Posted: Oct 3, 2012 11:39:46 AM Ignore Ken2OD Report Abuse They are getting nearer to Premier Barack's spending.
craigsfrank Champion Author Arkansas Posts:2,193 Points:836,505 Joined:Jun 2010	Message Posted: Oct 3, 2012 11:37:13 AM Ignore craigsfrank Report Abuse So, who's lending Iraq the $$$ for this since they were too poor to pay back "war issues" like rebuilding bridges and schools. I bet it isn't China and if Iraq has the funds, it's time to pay us back so we can repay China!
Car54BC08 Champion Author British Columbia Posts:4,229 Points:1,505,365 Joined:Jun 2008	Message Posted: Oct 3, 2012 11:36:26 AM Ignore Car54BC08 Report Abuse The only industry Iraq knows is war!
boldrph Champion Author Topeka Posts:18,354 Points:3,446,765 Joined:Oct 2002	Message Posted: Oct 3, 2012 11:36:04 AM Ignore boldrph Report Abuse 'w' created some wonderful opportunities for halliburton
retired23 Sophomore Author Oakland Posts:237 Points:150,405 Joined:Mar 2012	Message Posted: Oct 3, 2012 11:35:08 AM Ignore retired23 Report Abuse The U.S. threw away billions of dollars on military intervention with not much to show for it. Is it going to happen again with this Iraqi energy initiative; the U.S. throwing money at the Iraqis to subsidize their oil production? STOP all oil subsidies-both at home and overseas.
Ticoman54 Champion Author Miami Posts:7,021 Points:1,487,045 Joined:Oct 2008	Message Posted: Oct 3, 2012 11:34:55 AM Ignore Ticoman54 Report Abuse Maintaining the peace would have to be achieved first. In reference to getting our cut, we should have NEVER gone to Iraq and gotten involved if the reason was to receive a cut of something. You don't offer help in a humane way to receive a personal gain. You do it because it is the right thing to do. Sadly, a lot of people here in the U.S only respond to the ALMIGHTY dollar.
Ebaz Champion Author Oklahoma City Posts:3,222 Points:710,355 Joined:Apr 2011	Message Posted: Oct 3, 2012 11:34:29 AM Ignore Ebaz Report Abuse Pocket change for a nation state
Catfish93001 Champion Author Ventura Posts:1,200 Points:247,205 Joined:Jun 2008	Message Posted: Oct 3, 2012 11:31:51 AM Ignore Catfish93001 Report Abuse And in about 100 years they might be back to 'normal.'
MrLuigi Champion Author Massachusetts Posts:4,748 Points:961,710 Joined:Jun 2005	Message Posted: Oct 3, 2012 11:29:50 AM Ignore MrLuigi Report Abuse How about paying back the U.S.?
siralexe Veteran Author Illinois Posts:311 Points:72,645 Joined:Aug 2012	Message Posted: Oct 3, 2012 11:28:11 AM Ignore siralexe Report Abuse Whats our cut
bobzilla11 Champion Author Indiana Posts:1,191 Points:491,550 Joined:May 2011	Message Posted: Oct 3, 2012 11:26:30 AM Ignore bobzilla11 Report Abuse hope we can collect
zeeflyers All-Star Author Pittsburgh Posts:672 Points:215,460 Joined:Feb 2012	Message Posted: Oct 3, 2012 11:25:25 AM Ignore zeeflyers Report Abuse ok
JXQW Champion Author Kansas City Posts:2,787 Points:683,325 Joined:Jul 2008	Message Posted: Oct 3, 2012 10:33:51 AM Ignore JXQW Report Abuse ok
Holly123 Champion Author Charlotte Posts:3,182 Points:785,460 Joined:Dec 2010	Message Posted: Oct 3, 2012 10:25:47 AM Ignore Holly123 Report Abuse Ok...
slgas Champion Author Houston Posts:6,005 Points:1,557,565 Joined:Oct 2008	Message Posted: Oct 3, 2012 10:25:23 AM Ignore slgas Report Abuse Private investment probably won't rush in until the government demonstrates that it is able to get and preserve internal peace.
mikerroy Champion Author Albuquerque Posts:2,541 Points:715,945 Joined:May 2005	Message Posted: Oct 3, 2012 10:23:49 AM Ignore mikerroy Report Abuse Ok
Cellsite Champion Author Appleton Posts:1,218 Points:283,700 Joined:Jun 2012	Message Posted: Oct 3, 2012 10:19:57 AM Ignore Cellsite Report Abuse Hope it works, but not holding breath.
Don20 Champion Author Oklahoma City Posts:9,647 Points:2,614,655 Joined:Mar 2005	Message Posted: Oct 3, 2012 10:19:44 AM Ignore Don20 Report Abuse The cheapest gas here this morning is $3.39.. Don't think it will last long... They have our money and their oil to invest..
ciimike Champion Author Nevada Posts:4,638 Points:1,061,310 Joined:Aug 2005	Message Posted: Oct 3, 2012 10:18:17 AM Ignore ciimike Report Abuse Sounds like a reasonable attempt to get their country under repair.
techque Champion Author St. Louis Posts:8,630 Points:2,416,155 Joined:Apr 2005	Message Posted: Oct 3, 2012 10:18:11 AM Ignore techque Report Abuse aren't they under embargoes ??
metrojeep Champion Author Fort Worth Posts:2,227 Points:430,870 Joined:Feb 2012	Message Posted: Oct 3, 2012 10:14:40 AM Ignore metrojeep Report Abuse We waste 500 billion all the time. Too bad we can't invest it wisely
JimVP All-Star Author Chicago Posts:627 Points:151,510 Joined:Sep 2011	Message Posted: Oct 3, 2012 10:14:06 AM Ignore JimVP Report Abuse Not exactly a stable government and one we cannot assume an allt.
Marson Champion Author Scranton Posts:8,922 Points:2,073,185 Joined:Oct 2006	Message Posted: Oct 3, 2012 10:11:34 AM Ignore Marson Report Abuse Interesting.
TXGasPriceSpy Champion Author Fort Worth Posts:7,781 Points:1,467,300 Joined:Sep 2008	Message Posted: Oct 3, 2012 10:11:20 AM Ignore TXGasPriceSpy Report Abuse I have nothing to say about this.
nozzle46 Champion Author Little Rock Posts:6,680 Points:1,470,775 Joined:Jul 2006	Message Posted: Oct 3, 2012 10:10:35 AM Ignore nozzle46 Report Abuse Can they recover from sanctions and live among the civilized nations?
EmperorsFinest Champion Author Chicago Posts:1,564 Points:340,870 Joined:Jul 2011	Message Posted: Oct 3, 2012 10:10:33 AM Ignore EmperorsFinest Report Abuse I totally agree with cableman31!
doncNJ Champion Author New Jersey Posts:7,496 Points:1,500,120 Joined:Oct 2008	Message Posted: Oct 3, 2012 10:10:28 AM Ignore doncNJ Report Abuse Who is paying for all of this?
orcar Champion Author Boise Posts:2,043 Points:773,240 Joined:Jun 2010	Message Posted: Oct 3, 2012 10:09:55 AM Ignore orcar Report Abuse Maybe they'll pay us back....and I believe in the Easter Bunny too.
garjul Champion Author Flint Posts:1,555 Points:645,390 Joined:Jul 2009	Message Posted: Oct 3, 2012 10:09:41 AM Ignore garjul Report Abuse When will the U.S. get their cut??
Chas58 All-Star Author Detroit Posts:943 Points:280,220 Joined:Mar 2011	Message Posted: Oct 3, 2012 10:09:11 AM Ignore Chas58 Report Abuse Maybe they'll be able to pay back the money Bush said we would get way back when.
CTarp Champion Author Texas Posts:1,234 Points:604,630 Joined:Apr 2011	Message Posted: Oct 3, 2012 10:08:54 AM Ignore CTarp Report Abuse As long as we get a piece of the pie.
malfrog1 Champion Author South Bend Posts:2,181 Points:545,985 Joined:Feb 2011	Message Posted: Oct 3, 2012 10:08:30 AM Ignore malfrog1 Report Abuse Here they go.
MarkC08 All-Star Author Worcester Posts:663 Points:585,695 Joined:Nov 2008	Message Posted: Oct 3, 2012 10:08:08 AM Ignore MarkC08 Report Abuse Sure they will.
INBwana Champion Author Indiana Posts:5,408 Points:691,010 Joined:Apr 2011	Message Posted: Oct 3, 2012 10:08:03 AM Ignore INBwana Report Abuse Can not see where this is going to help the US.
PizzaMon Champion Author Philadelphia Posts:5,134 Points:1,857,930 Joined:Jun 2006	Message Posted: Oct 3, 2012 10:07:44 AM Ignore PizzaMon Report Abuse Then you can pay back what you owe us for liberating you.
mateyboy All-Star Author North Carolina Posts:624 Points:79,315 Joined:Sep 2006	Message Posted: Oct 3, 2012 10:07:13 AM Ignore mateyboy Report Abuse OK
jacob5066 Champion Author College Station Posts:1,822 Points:425,820 Joined:Feb 2012	Message Posted: Oct 3, 2012 10:06:27 AM Ignore jacob5066 Report Abuse Investing our money
ggg452 Champion Author Manitoba Posts:1,545 Points:326,850 Joined:May 2012	Message Posted: Oct 3, 2012 10:06:26 AM Ignore ggg452 Report Abuse ok
Ticobird Champion Author Huntsville Posts:3,205 Points:1,111,040 Joined:Oct 2009	Message Posted: Oct 3, 2012 10:06:21 AM Ignore Ticobird Report Abuse ...or at least they hope to. It's a little hard to make predictions when the leadership of Iran acts irrationally on the world stage.
BigHorne1 Champion Author Missouri Posts:1,472 Points:291,800 Joined:Jul 2012	Message Posted: Oct 3, 2012 10:05:41 AM Ignore BigHorne1 Report Abuse I hope this will help us get some of the money back for our efforts to help them, but all the other allies that are there, will get it probably.
driveonby1 Champion Author Toledo Posts:1,507 Points:256,665 Joined:Jun 2007	Message Posted: Oct 3, 2012 10:04:06 AM Ignore driveonby1 Report Abuse We'll be back.
MopedTime All-Star Author Michigan Posts:759 Points:356,485 Joined:Mar 2012	Message Posted: Oct 3, 2012 10:03:44 AM Ignore MopedTime Report Abuse Too bad we wasted too much resource for nothing good for average US citizens.
WTLITNG Champion Author Virginia Posts:1,829 Points:1,010,220 Joined:Dec 2008	Message Posted: Oct 3, 2012 10:03:00 AM Ignore WTLITNG Report Abuse Aren't we glad we pumped in so many lost lives, wasted dollars, and effort to see this develop so someone can move in and take over?