Sectors Studies & Policy – Iraqi Economists Network

How Much Iraqi Oil Is Significant?

How Much Iraqi Oil Is Significant? Ahmed Abdulhameed Al-Jibawi Introduction: Iraq has the fourth largest proven crude oil reserves in the world with more than 145 billion barrels, which represents about 9.24% of the total proven reserves globally. Iraq produced 4.118 mbpd of crude oil in 2023 as the fifth top country in the world, which accounted for about 5.62% of the

Mapping Iraq's Post-2003 Health Crisis... Two Decades of Retrogression and Kleptocracy

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

Russia-aligned Iraq has awarded the development of a crucial gas field to a Ukrainian firm. The importance of the Akkas gas field for Russia, Iran, and China can barely be overstated. The Akkas field is one of three big gas sites that form a skewed triangle across southern Iraq. So strategically vital to Russia, Iran, and China is the Akkas gas field i

By outlining a strategy for the Mutually Beneficial Joint Development and Monetization of Gas Fields and Energy Resources in the North of Iraq, in partnership with the Kurdistan Region of Iraq, vision regarding reconciliation and a constructive settlement of differences between the Kurdistan Regional Government and the Federal Government of Iraq in relation to the management of