Ahmed Abdulhameed Al-Jibawi Abstract: The Iraqi government, represented by the State Company for Oil Projects (SCOP) and Oil Pipelines Company (OPC), has accomplished several vital oil and gas pipeline projects since 2023. The pipelines vary in diameter from 10 to 42 inches, and in length from 1 km to more than 120 km. The pipelines serve to deliver several hydro
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How Much Iraqi Oil Is Significant? Ahmed Abdulhameed Al-Jibawi Introduction: Iraq has the fourth largest proven crude oil reserves in the world with more than 145 billion barrels, which represents about 9.24% of the total proven reserves globally. Iraq produced 4.118 mbpd of crude oil in 2023 as the fifth top country in the world, which accounted for about 5.62% of the
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Foreign Investment: The Non-oil Revenue Source Iraq Needs to Ensure a Vibrant and Sustainable Economy . BY BASTA SIRWAN* Executive Summary: For Iraq, Foreign Direct Investment (FDI) could be the answer to fiscal improvements and increasing foreign currency reserve in the market. Global demand for oil export is expected to continue, thus exploiting high energy prices to m
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Russia-aligned Iraq has awarded the development of a crucial gas field to a Ukrainian firm. The importance of the Akkas gas field for Russia, Iran, and China can barely be overstated. The Akkas field is one of three big gas sites that form a skewed triangle across southern Iraq. So strategically vital to Russia, Iran, and China is the Akkas gas field i
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China is seizing an opportunity in the Middle East to improve its energy security and global influence, with Iraq a particular beneficiary This push has its risks, though, and Beijing’s neutrality will face challenges in a region fraught with long-standing rivalries and competing interests Chinese firms recently won the lion’s share of licences for oil and gas exp
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