For full text of the paper including end-of-paper tables and appendix, click PDF file. Abstract The paper, first, looks at the multifaceted benchmarks that have been included in the various international arrangements with Iraq, post 2003, as conditions for aid and debt reduction. It is noted that for non-Paris Club debt the fulfillment of these benchmarks is only a ne
Read More
For full text of the paper including end-of-paper tables and Appendix, click PDF file. Introduction After long years of waste, there is now an agreement/deal that could transform mostly zero-value natural gas into positive domestic benefits and export profits. It was signed in November 2011, between the Iraqi South Gas Company, SGC, and an alliance of subsidiaries of Shell and
Read More
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
Read More
Download whole text as PDF file I. Inflationary trends: 2003-2009 Since 2003 domestic fuel price changes have played important role in accelerating and then dampening inflation in Iraq; from a prime pusher upward in 2002-2007 (acute shortages of fuel), to the prime puller downward, in 2008/2009 (easing of shortages). Before analyzing the role of fuel, however, let us first look
Read More