145 billion barrels… Iraq will lead the world in oil reserves by 2025.
Topped Kingdom of Saudi Arabia. Saudi Arabia existing Arab countries In terms of proven oil reserves for 2025, the volume reached 259 billion barrels, according to data from Global Fire Power.
And he came Iraq It is ranked second in the Arab world and fifth globally, with reserves estimated at 145 billion barrels, followed by Kuwait With reserves of 102 billion barrels, it ranks sixth in the world.
The UAE ranked fourth in the Arab world and seventh globally with reserves of 98 billion barrels, while Libya ranked fifth in the Arab world and ninth globally with 48 billion barrels. Algeria ranked sixth in the Arab world with 12 billion barrels, followed by the Sultanate of Oman with reserves of
5.4 billion barrels.
Egypt Yemen and Syria ranked last in the Arab world, with reserves of 3.3 billion barrels, 3 billion barrels, and 2.5 billion barrels, respectively, ranking 26th, 27th, and 29th globally.
The Parliamentary Finance Committee calls for activating tax collection and adopting privatization to boost revenues.
The Parliamentary Finance Committee stressed, on Tuesday, the need to activate tax collection mechanisms, stressing that this file remains weak despite the multiple financial resources that could contribute to supporting state revenues. The committee also urged the activation of privatization as a primary option to boost revenues and reduce operational burdens on the government. Committee member Jamal Kocher explained in a statement to the official agency that tax collection is a basic resource for the economies of countries, but in Iraq it still suffers from weak collection. He stressed the need to develop a comprehensive government program that guarantees the full collection of tax, while searching for new alternatives away from traditional mechanisms.
Koger also pointed out that several factors must be considered, including establishing a clear government program for tax collection, exploring alternatives to traditional mechanisms, and providing incentives for both tax collectors and those responsible for paying them. He emphasized that privatization represents the optimal solution to ensure full tax collection.
He added that privatization will help the government reduce the burdens associated with hiring and lower operating expenses, noting that the practical implementation of these mechanisms could yield significant positive returns.
He emphasized that the size of the expected revenues from these reforms will depend on the mechanism implemented by the government, explaining that the move toward privatization will boost state revenues and reduce its financial burdens.
