Iraqi Economists Network

شبكة الاقتصاديين العراقيين

Latest Economy News

Iraq’s oil exports declined to 3.4 million bpd in April


Warning: A non-numeric value encountered in /www/htdocs/w00ff378/wp-includes/formatting.php on line 3832
...
Read More

Baghdad calls on Iraqi Kurdistan officials to discuss oil export resumption

Baghdad (IraqiNews.com) – In an attempt to come to an agreement on the restart of oil exports via an oil pipeline to the Turkish port of Ceyhan, the Iraqi Ministry of Oil on Tuesday asked for a meeting as soon as possible with the Ministry of Natural Resources in the Kurdistan region of Iraq and foreign companies operating in northern Iraq.
Read More

Iraq to continue oil production cuts until the end of 2025

Baghdad (IraqiNews.com) – Iraq and other OPEC+ member states decided on Sunday to extend the additional voluntary cuts of 1.65 million barrels per day until the end of December 2025. Iraq, Saudi Arabia, Russia, the UAE, Kuwait, Kazakhstan, Algeria, and Oman, which announced voluntary cuts in April 2023 and November 2023, held a meeting in the Saudi capital, Riyadh, on the sidelines of the 37th OPEC and non-OPEC Ministerial Meeting (ONOMM).
Read More

IMF Expects Iraq’s Economy to Grow by 1.4% in 2024, 5.3% in 2025

The International Monetary Fund (IMF) said on Thursday that Iraq’s economy contracted by 2.2% in 2022, projecting a growth by 1.4% in 2024 and 5.3% in 2025. The international monetary organization expected fiscal deficit to widen to 7.6% of GDP in 2024 from 1.3% in 2023, noting that Iraq requires an ambitious fiscal adjustment to stabilize debt in the medium term and rebuild buffers.
Read More

Foreign Investment: The Non-oil Revenue Source Iraq Needs to Ensure a Vibrant and Sustainable Economy . BY BASTA SIRWAN*

Foreign Investment: The Non-oil Revenue Source Iraq Needs to Ensure a Vibrant and Sustainable Economy . BY BASTA SIRWAN* Executive Summary:  For Iraq, Foreign Direct Investment (FDI) could be the answer to fiscal improvements and increasing foreign currency reserve in the market. Global demand for oil export is expected to continue, thus exploiting high energy prices to m

Read More

Iraq’s “Development Road”: Rough Terrain Ahead. BY DR. JOHN CALABRESE

Despite sharing a border, Iraq and Turkey have had a history marked by tensions; however, recent developments indicate that the two countries are now entering a new, positive phase in their relationship. Meeting in Baghdad on April 22, Iraqi Prime Minister Mohammed Shia‘ al-Sudani and Turkish President Recep Tayyip Erdoğan, the latter making his first visit to Iraq in 13 yea

Read More

IMF Executive Board Concludes 2024 Article IV Consultation with Iraq

Washington, DC – May 16, 2024: On May 13, 2024, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Iraq and considered and endorsed the staff appraisal. Domestic stability has improved since the new government took office in October 2022, facilitating the passage of Iraq’s first three-year budget, which entailed a large fisc

Read More

The Iraqi National Economy

China’s rush to fill power vacuum in Iraq
China is seizing an opportunity in the Middle East to improve its
Read more.
Iraq’s “Development Road”: Rough Terrain Ahead. BY DR.
Despite sharing a border, Iraq and Turkey have had a history marked
Read more.
IMF Executive Board Concludes 2024 Article IV Consultation
Washington, DC – May 16, 2024: On May 13, 2024, the Executive
Read more.
Read More

Oil & Gas Policy

Why Iraq Just Awarded a Strategically Vital Gas
  Russia-aligned Iraq has awarded the development of a crucial gas field
Read more.
Taking Advantage of a Window of Opportunity in
By outlining a strategy for the Mutually Beneficial Joint Development and Monetization
Read more.
Why Iraq’s oil tanker ambitions have not
Shipping is one of many sectors where Iraq is still playing catch-up
Read more.
Turkmenistan Eyes Lucrative Gas Deal With Iraq
By Eurasianet – Oct 14, 2023, 10:00 AM CDT   Turkmenistan is in discussions
Read more.
Read More