Download Introduction The Iraqi Hydrocarbon File has always been linked with the independence and stability of Iraq. Management of the oil sector due to its speciality and diversity requires effective management, security and strong central government. Unfortunately several factors played destructive parts in all life aspects during the time of Saddam’s rule and since the chang
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Download 1.0 Background In May 2006, following the initiation of Dr Maliki’s cabinet of national unity and the appointment of Dr Hussain Shehristani to the portfolio of the Ministry of Oil (MoO), I was approached with the task of drafting the Iraq petroleum law. Two associates Iraqi oil technocrats and I, who have then had a combined international oil industry expe
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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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Download PDF Energy Potential vs. Reality Oil and Gas According to recent international estimates Iraq is expected to earn $5 trillion from oil exports up to 2035. Yet despite having reserves of 143 billion barrels, and awarding concessions to international oil companies (IOCs) for field development both in the north and south, it has yet to exceed its peak production of appr
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Download A year has passed since the landmark deadline of December 2006, which was ‘publicly’ imposed by the IMF, the Iraqi Study Group (ISG), the US administration and the International Oil companies (IOCs) on the Iraqi government to deliver the long awaited Iraqi oil law. But it still seems that we are no closer today to seeing the new law approved than we were back in Decem
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