The Iraq Oil & Gas Show (IOGS)

by **claud39** Sun Dec 06, 2020 1:11 pm

The Iraq Oil & Gas Show (IOGS)

6/7 DECEMBER 2020 BAGHDAD

[size=39]DEVELOPING AN OIL & GAS POWERHOUSE[/size]

The Iraq Oil & Gas Show (IOGS) is Baghdad’s only conference and exhibition dedicated to Iraq’s entire hydrocarbon sector. Officially Co-Hosted with the Ministry of Oil, the show brings together all the key policymakers, International Oil Companies, EPC contractors, and expert service providers to highlight the outstanding opportunities present in developing the full hydrocarbon value chain in Iraq.

2020 PARTNERS

CO-HOST

EVENT PARTNER

FINANCE PARTNER

PAYMENTS PARTNER

GOLD SPONSOR

SILVER SPONSOR

BRONZE SPONSOR

SECURITY PARTNER

EXHIBITOR PARTNER

PRINCIPAL MEDIA PARTNER

COMMUNITY PARTNER

WHY IRAQ OIL & GAS SHOW?

As the 2nd largest holder of oil reserves in the world, at 150 billion barrels, Iraq has become of the fastest-growing oil producers in the world. Although the decline in oil price has hampered Iraq’s finances and production levels, the opportunities lie in the broader hydrocarbon industry.
Whilst large-scale upstream capacity is well known to the international audience, the midstream and downstream sectors are ripe for international investment. Bottlenecks and weak infrastructure are preventing long-term growth in providing for domestic energy demands and international distribution.
IOGS will tackle the broader energy challenges and opportunities in Iraq including technological innovation, supply chain management, infrastructure and export development, capturing gas and many other topics.
The Iraq Oil & Gas Show is the only conference and exhibition held in Baghdad, focusing on the entire hydrocarbon industry. Join us in Baghdad for a 2-day VIP conference, featuring the key stakeholders, multinationals, and government officials. Our conference shall follow all the necessary Covid-19 protocols in Baghdad, offering a socially distanced event within the luxury of a 5* hotel. If you cannot join us live, do not fear, we are live streaming IOGS across the globe, including virtual presentations, panels, and international keynotes.
We have all the bases covered, so join us in December and do not miss out on The Iraq Oil & Gas Show.

https://iogsiraq.com/

by **claud39** Sun Dec 06, 2020 1:14 pm

"To face setbacks" ... Specialists stress the development of the oil industry, away from the rentier economy

2020-12-06

The Iraq Oil & Gas Show (IOGS) 1607271611806

Shafaq News / Member of the Board of Directors of the Union of Arab Banks, Ziad Khalaf, stressed on Sunday the need for concerted efforts to advance the Iraqi oil sector, indicating the need to get rid of the rentier economy that the state is currently adopting.

Khalaf said during the oil and gas conference and exhibition held in Baghdad, attended by Shafaq News Agency, that "this important conference was held by Frontier Exchange, to highlight the investment opportunities available in the oil and gas sector in Iraq, especially investment projects in infrastructure such as oil extraction and refineries. And distribution. "

Khalaf stressed "the importance of cooperation between the central government, the banking sector and international oil companies to advance the reality of this strategic sector which is very vital for the Iraqi economy."

Khalaf pointed out that "the industrial and commercial sectors, whose revenues represent a large part of the domestic product, can contribute positively and effectively to the oil and gas industry," noting "the need to get rid of the rentier economy and dependence on oil only."

He explained that "experiences have shown that countries that depend on this economy do not have the financial capacity to face the challenges, setbacks, and economic crises," calling for "providing great opportunities for the private banking sector in Iraq and expanding its contribution to the national economy to form stable capital and a non-oil domestic product, in order to reduce Reliance on one source of income, which is oil. "

He pointed out that "following the policy of bank financing instead of relying on development financing on the general budget, will also contribute to activating the role of specialized financing institutions in a manner that leads to the growth of investments and the development of savings awareness among members of society and the gathering of national savings and directing them to the development of productive assets in the national economy."

https://shafaq.com/ar/%D8%A7%D9%82%D8%AA%D8%B5%D9%80%D8%A7%D8%AF/%D9%84%D9%85%D9%88%D8%A7%D8%AC%D9%87%D8%A9-%D8%A7%D9%84%D8%A7%D9%86%D8%AA%D9%83%D8%A7%D8%B3%D8%A7%D8%AA-%D9%85%D8%AE%D8%AA%D8%B5%D9%88%D9%86-%D9%8A%D8%B4%D8%AF%D8%AF%D9%88%D9%86-%D8%B9%D9%84%D9%89-%D8%AA%D8%B7%D9%88%D9%8A%D8%B1-%D8%B5%D9%86%D8%A7%D8%B9%D8%A9-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%A8%D8%B9%D9%8A%D8%AF%D8%A7-%D8%B9%D9%86-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%A7%D9%84%D8%B1%D9%8A%D8%B9%D9%8A

by **claud39** Mon Dec 07, 2020 11:00 am

Chairman of the Board of Directors of the International Development Bank, Ziad Khalaf: We need the cooperation of the public and private sectors in order to advance the oil sector

12/06/2020

Economy News - Baghdad

Member of the Board of Directors of the Union of Arab Banks and Chairman of the Board of Directors of the Development Bank, Ziad Khalaf, during the conference and exhibition of oil and gas in Iraq, stressed the importance of concerted efforts of the public and private sectors to support the banking system in order to advance the oil sector

Khalaf said, "The conference shows the investment opportunities available today in the oil and gas sector in Iraq, especially investment projects in the infrastructure in the aspect of oil extraction (upstreaming) and also on the side of refineries and (down streaming), and the importance of cooperation between the central government, the banking sector and companies Global oil to advance this strategic sector, which is very vital for the Iraqi economy .

He said, "Let me go beyond the extension of all the numbers and percentages that show Iraq's possession of the wealth of oil, gas and other natural resources that Iraq has possessed for decades, and which no occasion has passed without us invoking the wealth of this great country, which unfortunately does not reflect the current reality of the Iraqi economy in When there are countries that do not own part of what we possess in our rich country, but have been able to organize an economy that their people can enjoy .

And between behind here must shed light on the current reality of the Iraqi economy and how the sectors can cast a positive shade on this economy, especially the industrial and commercial sectors, whose revenues represent a large part of the GDP. Iraq is a pivotal country in the Middle East region, and its oil wealth is classified among the first three countries in terms of the volume of global oil reserves, as the oil sector is the main engine and supporter of the Iraqi economy. In spite of this, the experiences of countries have proven that the rentier economies that depend on oil only and which constitute the bulk of the state's imports do not have the financial capacity to face the challenges, setbacks and economic crises .

As for the banking business in Iraq, of which we are a part, if we review some financial data in a summary, it becomes clear that the total capital of private banks amounts to twelve trillion Iraqi dinars and the volume of deposits in the private banking sector amounted to eleven trillion Iraqi dinars, confirming that the total Cash credits granted by private banks are about eight trillion Iraqi dinars, or seventy-three percent of the volume of deposits in private banks, which indicates the existence of great opportunities in the private banking sector for its ability to provide financing needs for all segments of society and local and foreign companies and thus expand its contribution to the economy This is reflected in the increase in the percentage of its contribution to the formation of fixed capital, in the real GDP and in the non-oil GDP, by working to reduce the link of GDP growth with oil exports, reduce dependence on a single source of income, and the trend towards diversification through the restoration ofStructuring the economy to reach an economy that is compatible with the requirements of competitiveness and growth and ensures flexibility in the face of the successive changes at the international level .

Khalaf added that following the banking financing policy instead of relying on development financing on the general budget will contribute in addition to activating the role of specialized financing institutions in a way that leads to the growth of investments and the development of savings awareness among members of society and the collection of national savings and directing them to the development of productive assets in the national economy .

He said that there is a newcomer who has been frequently talked about in international and Arab forums in the last three years, known as the Fourth Industrial Revolution. All countries of the world, including the Arab world, have become concerned with developing strategies and implementing the policies and mechanisms necessary to keep pace with this revolution, and work to meet the challenges it poses to economies and the development process, and at the same time, to take advantage of the opportunities provided by this revolution to achieve sustainable development.

Realizing the importance of keeping pace with the Digital Revolution , which is an extension of the Information Revolution, as our banks have invested heavily in infrastructure using advanced technologies in line with international trends and practices in the transition towards the digital economy and financial technology, which will provide the detailed collection elements for the transition to e-government (e-government) in all parts of the state, especially the oil and energy sectors, as the issue of electronic collection will be strategic for all investors in these two sectors.

This is what we worked on in 2019 (two thousand and nineteen) as banks and electronic payment companies in cooperation with the Central Bank of Iraq. As we have acquired an integrated system for collection and collection to provide multiple electronic channels for the Iraqi citizen, in addition to the possibility of linking this system with the database of the concerned government agency, which facilitates the process of automating the collection and thus reducing waste and advancing the reality of the sector .

He cautioned that what our economy is going through today makes it imperative that we urgently address the challenges that our economy faces by working to establish conditions for growth and create the appropriate infrastructure and environment in order to enable vital sectors to achieve rapid growth in the coming years, and that economic restructuring It is imperative that we, as banks and private and government financial institutions, work together to help the central government create the right environment

For investment, in addition to providing the necessary financial resources, and working to create strategic partnerships with international institutions, with the aim of addressing the challenges facing the Iraqi economy, which were mentioned above. These efforts require finding ways to properly finance them, and here is the role of private and government banks in developing and creating various channels for financing investment projects in the oil and gas sector through partnerships with international financing institutions, which we had a pioneering role and experience, which crystallized by signing a financing agreement with the International Finance Corporation ( IFC) in addition to other international companies .

Khalaf pointed to the importance of establishing long-term partnerships with foreign and Arab companies (International OilCompanies) specialized in the coming periods and to serve the energy and oil sector. And that our banks are fully prepared to manage and provide all banking services, including project finance and providing financial advice in a way that contributes to the development of infrastructure and technology used in oil and gas production. Foreign parties with a view to the reconstruction of Iraq and the implementation of investment projects .

Given the stage in which the Iraqi economy is going through, which requires work to establish a legislative framework that fits with the digital economy and the digital industry, and the need for the government sector to cooperate with the private sector to encourage industries to keep pace with the fourth industrial revolution through a package of industrial and trade policies that encourage technological modernization and digital transformation in industries To support and embrace the private sector, deal with it as a partner, provide all kinds of support and facilities for it, and achieve the principle of participation between it and the public sector.

https://economy-news.net/content.php?id=23027