Iraqi Oil: Transparency and Corruption, By Munir Chalabi

Download PDF On June 11, 2011, the Los Angeles Times reported that at least $6.6 billion out of the $12 billion of Iraq's money from the United Nations' oil-for-food program was very likely stolen, stating, "For the first time, federal auditors are suggesting that some or all of the cash may have been stolen, not just mislaid in an accounting error. Stuart Bowen, special inspe

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A Critical Look at Iraq’s Oil Contracts, By Munir Chalabi *

Download This report examines Iraq’s current hydrocarbon contracts. It posits that they leave IOCs with too much control over the country’s producing fields, and suggests alternatives. Since 2009, the Iraqi federal Oil Ministry has signed 11 so-called Technical Service Contracts (TSCs) and Development and Production Service Contracts (DPSCs) with some of the world’s largest int

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Iraq: Debt Reduction, Aid, and Conditionality, By Ali Merza

  For full text of the paper including end-of-paper tables and appendix, click PDF file. Abstract The paper, first, looks at the multifaceted benchmarks that have been included in the various international arrangements with Iraq, post 2003, as conditions for aid and debt reduction. It is noted that for non-Paris Club debt the fulfillment of these benchmarks is only a ne

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