Sustainable Development and its Role in Managing Oil Projects in Basra Oil Company, Iraq
DOI:
https://doi.org/10.53819/81018102t5345Abstract
The oil sector is one of the most important sectors in the Iraqi economy, and therefore, all sectors linked to this chain should be made more efficient to enhance profitability and the economy. The use of the sustainability concept plays a very significant role in the success of the oil business. This research aimed to analyze the effects of project management practice on sustainable development in the oil sector concerning Basra Oil Company. The samples for the study were obtained from Rumaila Field and the researcher employed both quantitative and qualitative means to obtain information and data to check for the presence or otherwise of the impact of the selected practices. The study found that slightly more than two–thirds, (69%) of the participants possess some level of awareness of sustainable development to meet a rising social need. Only 32% of respondents are confident in how they define sustainable development, which means that it is still relevant and the people should be explained the necessity of its use in society. A minority of participants, 32% are still not very familiar with the idea of sustainable development which reveals the fact that awareness about the concept should still be created. Concerning the attitude towards government engagement in supporting sustainable development, this survey stands at 54% an indication that the perception to the governments’ engagement in supporting sustainable development is gradually improving. The study indicated that largest number of respondents (87%) can speak about sustainable development as about the need to maintain environment and resources in the future. A proportion (97%) of the participants strongly stated that sustainable development is possible to balance the human needs and environmental protection. The study recommends that a campaign needs to be initiated to increase awareness of the concept, need and advantage of sustainable development. The governments and organizations should encourage people to spread the principles of sustainable developments with the help of different information platforms. In addition, governments and companies should reinforce investment in sustainability by offering compensations in the form of financial incentives and friendly taxes that will motivate companies to make the changes towards sustainable development. Moreover, governments should involve monetary support and details for innovativeness and research in sustainable development in an endeavor to come up with newer technologies and quite solutions which can effectively advance the sustainable goals. Besides, governments and organizations should also work towards funding and seeking more ways in engaging developmental research in the area so as to sustain the aggressive advance in the sustainability solutions for the future.
Keywords: Sustainable Development, project management in the oil sector, sustainable economics, implementing sustainable, Iraq
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