Sectors Studies & Policy – Page 41 – Iraqi Economists Network

Notes on the Pricing of Gas in the Ministry of Oil/Shell Heads of Agreement , By Dr. Ali Merza*

For full text of the paper including end-of-paper tables and appendix, click PDF file. I. Introduction[i] The flaring of gas has been going on in Iraq for more than seventy years. In 2008, Iraq was classified as the fourth largest gas-flaring country (After Russia, Nigeria, and Iran), GGFR (2009). Furthermore, the utilization of produced gas has deteriorated from 30 percent dur

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

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

Another interesting reference on Iraqi Oil Reserves (besides the al-Mehaidi report I already mentioned) is Iraq Oil Development Policy Options: In Search Of Balance by Tariq Shafiq from December 2003 (ie about 9 months after the US invasion). According to the article, Tariq Shafiq is a petroleum engineer who was Vice President and Executive Director of the Iraq National Oil Co

Download the whole document as PDF file I. Introduction The initiation of two ‘licensing rounds’ in Iraq has involved the invitation of pre-qualified oil companies to bid for set-terms in service contracts, to rehabilitate and develop oil and gas fields in the north and south of the country. The first round comprises the currently producing fields, while the se