The Geo-economic Importance of Iraqi Crude Oil and its Implications for The Organization of The Petroleum Exporting Countries in The Geopolitical Perspective

Abstract

The economic side is the other side of the oil industry. Countries with large oil potential have an economic economy and a strong economic power. The geo-economic effects have political dimensions and the geopolitical weight is important especially in the current period in which the world is witnessing a clear economic development. The geo-economic development is an effective political component in war and peace, not to mention the countries that enjoy economic power. This negates the problem of economic dependence, which is prey to weak and resource-poor countries. This depends on the region's natural and human geography and its natural resources and resources. In the region, Iraq has natural and human resources within the geography of the region, which qualifies him to become a future regional and global power, including support the geo-economic side of the state in accordance with long-term strategies and plans and according to the geography of the political region.