October 18, 2010
Italy is looking to invest in Iraq and concerned about the security situation
Baghdad, The Italian ambassador to Baghdad, said Italy, a major trading partners of Iraq wants to develop its investment in the metal and construction in the country torn by war, but the deteriorating security situation away investors. And Italy is a major player already in the energy sector is vital to Iraq since the evolution of ENI, the giant Zubair fields in the south of the giant country.
Italy is also a major importer of Iraqi oil, covering imports from Iraq, 12 percent of its needs in the past year.
Maurizo Melanie said in an interview with Reuters that Italian companies are now seeking new opportunities in the sectors of infrastructure and housing in Iraq as well as joint ventures with Iraqi institutions in the manufacture of steel and plastic.
Melanie added, "certainly interested in Italian companies to participate in the reconstruction of Iraq.
"Investments require security situation is good is seen as a stable and sustainable .. at this stage not all the conditions are."
And improve the security situation in Iraq, but attacks and bombings still occur almost daily.
The state is also still without a government since an inconclusive general election held on the seventh of March.
Melanie said "The new government will need to improve some of the legislation. Will have to improve the functions of financial and banking system, which is sometimes an obstacle to the activities (investment)."
Iraq needs money to rebuild its economy and infrastructure crumbling.
Baghdad has signed a series of oil deals with international companies after two rounds of lay decades in the last year in an attempt to raise its oil production to four-fold and the collection of billions that you need.
Italy is looking to invest in Iraq and concerned about the security situation
Baghdad, The Italian ambassador to Baghdad, said Italy, a major trading partners of Iraq wants to develop its investment in the metal and construction in the country torn by war, but the deteriorating security situation away investors. And Italy is a major player already in the energy sector is vital to Iraq since the evolution of ENI, the giant Zubair fields in the south of the giant country.
Italy is also a major importer of Iraqi oil, covering imports from Iraq, 12 percent of its needs in the past year.
Maurizo Melanie said in an interview with Reuters that Italian companies are now seeking new opportunities in the sectors of infrastructure and housing in Iraq as well as joint ventures with Iraqi institutions in the manufacture of steel and plastic.
Melanie added, "certainly interested in Italian companies to participate in the reconstruction of Iraq.
"Investments require security situation is good is seen as a stable and sustainable .. at this stage not all the conditions are."
And improve the security situation in Iraq, but attacks and bombings still occur almost daily.
The state is also still without a government since an inconclusive general election held on the seventh of March.
Melanie said "The new government will need to improve some of the legislation. Will have to improve the functions of financial and banking system, which is sometimes an obstacle to the activities (investment)."
Iraq needs money to rebuild its economy and infrastructure crumbling.
Baghdad has signed a series of oil deals with international companies after two rounds of lay decades in the last year in an attempt to raise its oil production to four-fold and the collection of billions that you need.
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