Re-visiting the Myths of Oil Policies* A Book Review “Oil Policies, Oil Myths” (Dr. Fadhil CHALABI, 2010) By Luay J. Al Khatteeb**, Oct 2012.

Not since Jahangir Amuzeger’s study Managing the Oil Wealth: OPEC Windfalls and Pitfalls (2001) has there been an authoritative study of OPEC. This time Dr. Chalabi’s study is from inside the organisation and for the first time we get an opportunity to see the truth about the workings of OPEC as he sets about chronicling its history. From its beginning in 1960, when Standard oi

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Storm clouds threaten Iraq’s striking oil revival, By Guy Chazan

Storm clouds threaten Iraq’s striking oil revival, By Guy Chazan 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 wes

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The Policy Vacuum of Iraqi Gas Pricing, By-Luay al-Khatteeb*

Download Prior to the 2003 regime change no private sector gas projects had been implemented in Iraq and gas prices were heavily subsidized, both nationally and in a regional context**. However, since 2007, two major gas projects have been signed, the first in Kurdistan by the Ministry of Natural Resources (MNR) and the second in Basra province by the Ministry of Oil (MoO). In

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