Iraqi Economists Network

Iraqi Economists Network

شبكة الاقتصاديين العراقيين

Latest Economy News

Iraqi protesters block entrance to Nassiriya oil refinery: sources

Iraqi protesters block entrance to Nassiriya oil refinery: sources

BAGHDAD (Reuters) - Anti-government protesters blocked the entrance to the Nassiriya oil refinery in southern Iraq on Wednesday, security and oil sources said. The protesters blocked the tankers that transport fuel to gas stations from entering the refinery, causing fuel shortages across Dhi Qar province, the sources told Reuters. The refinery has a maximum production capacity of 30,000 barrels per day (bpd) but had recently only been producing between 15,000-20,000 bpd, oil sources said, which is not enough to meet the province’s fuel needs.
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Blockage of Umm Qasr port has cost Iraq over $6 billion: PM’s spokesman

Blockage of Umm Qasr port has cost Iraq over $6 billion: PM’s spokesman

BAGHDAD (Reuters) - The blocking of Iraq’s major Umm Qasr port on the Gulf by anti-government protesters has cost the country over $6 billion so far, a spokesman for Prime Minister Adel Abdul Mahdi said on Wednesday. “The closure of Umm Qasr port harms the country. Hundreds of trucks are still parked. This issue is causing massive damage to the nation. Iraq’s losses have exceeded $6 billion until now,” said Abdul Kareem Khalaf in a news conference.
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Iraq imports 7 gigawatts of electricity from Iran, says official

Iraq imports 7 gigawatts of electricity from Iran, says official

CAIRO, Nov 6 (Reuters) - Iraq imports 7 gigawatts (GW) of electricity from Iran to make up the shortfall between domestic power production and the country’s needs, a power ministry official said on Wednesday. Abbas Jabber, electricity ministry undersecretary, told a conference in Cairo that “maybe in three years” Iraq could achieve self-sufficiency but added that it would be a challenge because consumers paid a fraction of the production costs.
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Prime Minister Adil Abdul Mahdi chaired a plenary meeting with economic advisers

Prime Minister Adil Abdul Mahdi chaired a plenary meeting with economic advisers

Prime Minister Adil Abdul Mahdi chaired a plenary meeting with economic advisers and the Finance Minister to work on, if not finalize the 2020 national budget. Discussion ranged from cutting retirement packages and current pay for politicians and advisers to allocating funding for infrastructure initiatives and the employment stimulus packages.
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IEN Charter 2019

Iraqi Economists Network

Our Vision We are a non-commercial Network of politically independent Iraqi Economists in and outside Iraq established in 2009. We aim at contributing to rebuilding the Iraqi economy and establishing a strong foundation for sustainable economic and social development, in order to achieve economic prosperity and justice for all Iraqi people beyond any political differences be

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Iraq’s government cannot reform itself. By Samir Sumaidaie *

In Washington, some believe that despite the protests in Iraq that began in early October and continue apace, the current Iraqi government should be supported and given help as it responds to the just demands of the protesters. The reasons given range from: “What is the alternative? The devil you know is better than the devil you don’t” to “This is the constitutionally elected

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The Iraqi National Economy

IMF Iraq Report 2019: ARTICLE IV CONSULTATION AND
Under Article IV of the IMF’s Articles of Agreement, the IMF holds
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Economic growth, abrupt institutional changes and institutional policies:
ABSTRACT This article deals with economic growth in Iraq when formal institutions
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Amer
The ‘Construction Council’ Bill 2019 – A Critique.
The nearly year-old cabinet of Adel Abdul-Mahdi, the prime minister, has, in
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Oil & Gas Policy

Iraqi Oil: industry evolution and short and medium-term
Iraq has been a key contributor to OPEC liquids growth, with IOCs
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CWC Conferance June 2019
IEN Participates on Iraq Petroleum 2019 as Media
Iraq Petroleum 27–28 June 2019 | London, UK Iraq’s Leading Discussion About Its
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Iraq could see new revenues from its troubled
Iraq may be on the cusp of a revenue windfall after losing
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Iraq’s Kurds Add Capacity to Oil Pipeline to
Iraq’s semi-autonomous Kurds upgraded their oil export pipeline to accommodate future production
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