College of Industrial Management for Oil and Gas Organizes a Symposium on the Relationship of Dollar to Oil

Date: 21 December, 2022

Department of Oil and Gas Economics at College of Industrial Management for Oil and Gas organized a scientific symposium on (the relationship of dollar to oil) and sponsored by President of Basra University for Oil and Gas, Prof. Dr. Muhammad H. Al-Kaabi, and under the supervision of the Dean of College, Dr. Sami H. Al-Saadi. The symposium was moderated by Dr. Sami Al-Saadi, and presented by two students, Rafah Jamil and Fadila Qaisar. It was held at central conference hall on the twenty-first of December. The head of the oil and gas economics department, lecturer Helen al-Maliki, gave the opening speech at the symposium. She praised the scientific activities of the students and welcomed the guests who attended the symposium. The students spoke on the fluctuation of dollar prices and its instability in global markets and the impact of oil markets because of it, which leads to financial damage to some countries due to the drop in the price of oil, and that had an inverse relationship with the exchange rate of the dollar during 34 years. The most important of which was the collapse of oil prices in 1986, the Asian crisis, and then the global crisis, as well as three years. Finally, they explained the impact of oil prices on Iraqi oil revenues through several concepts and provide a table showing the price of oil in dollars against Iraqi oil revenues.