In Iraq different constitutional, co-operation and legal instruments govern contracts whether for projects or procurement. The constitution provides relevant provisions as guiding principles that have to be adhered to by all Iraqi entities. Also agreements concluded between Iraq and international entities comprise mandatory measures of direct relevance The Iraqi constitution h
Read MoreDownload PDF file A funny thing happened on the way to the euro. When it was first introduced to the global financial markets in 1999, the Euro began to appreciate in value compared to the U.S. dollar (USD). Around this time, West Texas Intermediate crude oil was trading below $20 a barrel. As the dollar lost value, oil began to rise. Is this a coincidence? The dollar began to
Read MoreDownload PDF I wish to thank my esteemed colleague Dr. Ali Merza for his comments on my above named paper, published recently on the website of Iraqi Economists Network. Let me say From the onset that I find most comments of this type are not only helpful to the readers but also to me, especially at this time while I am writing a book on my 60 years experience of Iraq and th
Read MoreDownload PDF In recently published article, in Iraqi Economists Network, Shafiq (2013b), a respected oil expert, surveys and analyses histories, policy matters, critical issues, establishes parallels, and then reaches conclusions that reflect his deep knowledge and convictions. I do, by and large, share some of his views especially those relating to the oil & gas law, futu
Read MoreReport sees large disparities in regional energy prices affecting industrial competitiveness 12 November 2013 Technology and high prices are opening up new oil resources, but this does not mean the world is on the verge of an era of oil abundance, according to the International Energy Agency’s (IEA) 2013 edition of the World Energy Outlook (WEO-2013). Although rising oil o
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