Search Results for Baraa A. Naji

Abstract

Iraq is considered one of the countries most dependent on oil to cover government expenditures and external payments, as it is a rentier economy, lacks a diverse production base, and is unable to develop its revenue sources to achieve comprehensive economic development. In order to lift Iraq out of this deficit and achieve economic diversification and economic growth, it is necessary to expand the capacity to produce and export crude oil, in line with achieving well-being and prosperity. Economic. The growing reliance on this resource has made the Iraqi economy constantly vulnerable to price fluctuations in global oil markets. Hence, the research aimed to analyze the importance of crude oil revenues in supporting Iraqi economic growth for the period (2010-2024). And how it is affected by a number of Influencing factors, oil prices in the international market, and their impact on Iraqi economic activity. One of the most prominent conclusions reached by the researcher is that oil exports play a very important role in increasing the rates of economic development by supporting other economic sectors. The importance of oil lies in its provision of financial savings that are essential for financing economic and social development programmers.