تحليل اتجاهات الاستثمار في الصناعات البتروكيمياوية في العراق

The Analysis of investment trends at the petrochemical industry in Iraq

Abstract :

The petrochemical industry is one of the most effective tools to shift from the rental economy to the industrial economy. The industry is of great importance to the oil and natural gas producing countries due to the industry’s role in development and diversifying sources of income. The start of the petrochemical industry in Iraq since the eighties of the last century, has faced the industry at the beginning of growth factors that have worked negatively in this industry, and these factors are the multiple wars experienced by Iraq, which destroyed the infrastructure of the Iraqi economy and the economic blockade, which created a technological gap Between Iraq and the outside world in addition to isolating Iraqi products from foreign markets and limited to local markets, making them operate part of their production capacity, either after 2003, where the Iraqi market witnessed an unprecedented openness to foreign products, The low competitiveness of the petrochemical industry, which lacks modern technology and provided petrochemical plants that have not undergone rehabilitation and maintenance since its establishment, which led to a decline in productive efficiency, in addition to the role of management companies that lack experience in marketing in the market economy, in addition to the lack of effective policy of Before the state to protect domestic product and demand demand, all these factors have led to a decline in the contribution of the petrochemical industry to GDP and its low importance in the economy in general. In order for the petrochemical industry to take its real place among the economic activities, national and foreign investment should be directed towards the promotion of this sector, as well as the development of plans, studies and legislation for the purpose of supporting the Iraqi petrochemical industry.