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Department of Oil and Gas Economics at College of Industrial Management for Oil and Gas organized a scientific symposium entitled (Oil smuggling is a bleeding wound on Iraqi economy). It held on Tuesday, the twenty-seventh of December, at central conference hall of the university, and under the auspices of the President of Basra University for Oil and Gas, Prof. Dr. Muhammad Al-Kaabi, under the supervision of the Dean of the College, Dr. Sami Al-Saadi. Dr. Nassif Al-Abadi presented the symposium. The lecturer spoke about the problems of Iraqi economy, the forms of rampant corruption, and the weakness of Iraqi economy with its rentier dependence on oil revenues and the absence of planning and future outlook, which leads to high rates of poverty and unemployment and a decline in the standard of living for various segments, as well as the problem of economic exposure. Dr. Al-Abadi then talked about the phenomenon of oil smuggling, the types of smuggling and the forms of oil smuggling in Iraq, including the stealing of oil from oil pipelines, and then he touched on the numbers of the losses caused by that smuggling, as well as reviewing the most prominent reasons for oil smuggling among them is the weakness of supervision and control over the movement of oil products. He indicated that one of the most important effects smuggling is the rise in inflation rates and the weakness of economic policy, and it presented several proposed solutions, including setting deterrent laws in this regard, increasing control over pipelines, and emphasizing the promotion of professional ethics, integrity and transparency in all oil institutions. The symposium witnessed several interventions from the teaching staff and students.
