Download Commentary on IEA Report: Iraq Energy Outlook, by Tariq Shafiq * VC, IEA Energy Business Council ,Friday, 19 October, 2012 Mr Chairman, ladies & gentlemen: It is a privilege to address you on the subject of the path of Iraq energy sector, covered by the IEA Study of Iraq Energy Outlook I will go over the main conclusions and express some thoughts thereabout to
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Abstract Oil price volatility has always created pressure upon both developed and emerging economies. High oil prices have been blamed for economic downturns in the global economy. Oil producers have suffered widely fluctuating incomes. Price volatility has worsened since 2000 for a variety of factors such as geopolitics, speculation, terrorism, natural disasters, revolutions,
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BAGHDAD — Since the American-led invasion of 2003, Iraq has become one of the world’s top oil producers, and China is now its biggest customer. China already buys nearly half the oil that Iraq produces, nearly 1.5 million barrels a day, and is angling for an even bigger share, bidding for a stake now owned by Exxon Mobil in one of Iraq’s largest oil fields. “The Chinese are the
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When it comes to the world’s rising oil powers, none has risen quite as quickly – and with such profound implications for global crude markets – as Iraq. Ravaged by decades of war and sanctions, Iraq’s oil industry is making a remarkable recovery. Production has rebounded strongly thanks to big investments by western majors in the country’s long-neglected southern oilfields. “
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Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. In the context of the 2013 Article IV consultation with Iraq, the following documents have been released and are included in this package: Staff Report for the 2013 Article IV consultation, prepared by a staff team of the IMF, following discussions that
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