Iraqi Economists Network

شبكة الاقتصاديين العراقيين

Latest Economy News

UNICEF calls for urgent action to address water scarcity and its impact on children and young people’s lives in Iraq ahead of COP26

BAGHDAD, 01 November 2021 – Children and young people in Iraq are the most at risk of the impacts of climate change especially water scarcity, threatening their health, education, and protection, and exposing them to deadly diseases. Ahead of COP26, UNICEF calls for urgent action to address water scarcity and its impact on children’s and young people’s lives in Iraq. According to UNICEF’s Children’s Climate Risk Index, released in August this year, Iraq ranks 42nd among the most water stressed countries globally. Projections for 2030 and 2040 in a Business as Usual Scenario suggest an extremely high-water stress index score worsening the situation of children in the country.
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Iraq oil revenues rise amid higher prices

Revenues came to $7.68bn in October Iraq has announced preliminary oil revenues of $7.68bn for October, up by 13 per cent from $6.78bn in September. The higher revenues were driven by higher global oil prices and came despite a decline in the volume of oil exported. In a statement, the Ministry of Oil said that 96,708,660 barrels of oil were exported in October via the state-owned oil marketing company Somo.
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Iraq’s oil exports rise to 3.12 mln bpd in October, oil ministry says

BAGHDAD, Nov 1 (Reuters) - Iraq’s oil exports for October rose to 3.12 million barrels per day (bpd) from 3.081 million bpd in the previous month, the oil ministry said in a statement on Monday. Exports from Iraq's southern Basra terminals reached 3.012 million bpd during October, the ministry said. Shipments from Kirkuk through the Turkish port of Ceyhan averaged 98,000 bpd, while around 10,000 bpd were shipped by truck to Jordan, the statement said.
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Iraq plans billions of dollars of energy contracts with Saudi Arabia -media

DUBAI, Nov 1 (Reuters) - The Iraqi government plans to sign energy contracts worth tens of billions of dollars with Saudi Arabia, the state newspaper Al-Sabaah reported on Monday, citing Iraqi Oil Minister Ihsan Abdul Jabbar. Baghdad is discussing a partnership with Saudi Aramco to explore and develop natural gas fields in Iraq's western desert, it said. The Iraqi government is also in talks with Saudi Arabia's Acwa Power to build water desalination plants and solar energy stations in Iraq, it added.
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Brief Structural Analysis of the Original Iraqi 2021 Federal Budget, its Subsequent Amendments, Alignment with the White Paper and Break-Even Oil Price: By Hashim Al-Ali *

Introduction The Federal 2021 budget has been prepared by MOF and has been submitted to the council of ministers (COM), at the beginning of the budget year (January 2021). The COM has discussed and approved the draft budget and submitted to the council of representatives (COR), for further discussion and final approval. It has been taken about four months for the COR to comple

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Corruption: A Brutal Enemy of Economic Diversification. By Siham Matallah

Abstract This paper aims, on the one hand, to investigate the impact of corruption on economic diversification in 11 oil-abundant Middle East and North Africa (MENA) countries and three successful diversifiers (Canada, Norway, and Malaysia) over the period 1996-2019. This is done using the Arellano-Bond difference Generalized Method of Moments (GMM) estimator that is effective

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Interantional Energy Agecy: World Energy Outlook 2021

Foreword The World Energy Outlook (WEO) is usually published in November. However, for the second year in a row, the International Energy Agency (IEA) is releasing our flagship report a month early, in October. We did this last year because it was an exceptional year defined by the Covid-19 crisis. This year is another exceptional year because of the COP26 Climate Change Con

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The Iraqi National Economy

AHK*: BEST PRACTICES AND FAQ FOR DOING BUSINESS
Introduction Greeting Dear Readers, The German Liaison Office for Industry and Commerce
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Iraq’s Development Cocktail: A two-way street passing through
Forward This research work was supported by the German Agency for International
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HOW CAN IRAQ AVOID AN OIL CURSE? EXPERIENCES
Forward This research work was supported by the German Agency for International
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Oil & Gas Policy

Iraq to invest $3bn a year to switch
Baghdad is most at risk from the global transition to net-zero by
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Iraq aims to boost crude output to 8
Iraq, Opec’s second-largest producer, is in talks with the international oil majors
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The second split: Basrah Medium and the challenge
Introduction   In November 2020, ahead of annual term contract negotiations,1 Iraq’s
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New hope that Iraq will reduce oil sector
Large projects to gather associated gas are making progress Increased investment in
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