Abbas Kadhim

Iraqi Economists Network

شبكة الاقتصاديين العراقيين

Latest Economy News

Iraq approves fifth round of gas exploration contracts in east

Iraq approves fifth round of gas exploration contracts in east

(Reuters) - Iraq has approved contracts in a fifth bidding round for gas exploration contracts the east of the country, the government said in a statement on Thursday. The exploration deals in Diyala province are to develop fields that are expected to produce more than 750 million cubic feet of natural gas within 36 months. Iraq, OPEC's second-largest producer after Saudi Arabia, depends on oil sales for over 90 percent of its public budget and has been under pressure from the United States to reduce its reliance on gas imports from Iran.
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BP Pulls Out of Iraq’s Kirkuk Field as Expansion Plans Stall

BP Pulls Out of Iraq’s Kirkuk Field as Expansion Plans Stall

LONDON/BAGHDAD — BP has pulled out of Iraq's giant Kirkuk oilfield after its $100 million exploration contract expired with no agreement on the field's expansion, dealing a fresh blow to Iraq's hopes to increase its oil output, three sources told Reuters. The move comes as Western energy companies reassess their operations in Iraq amid political turmoil following months of anti-government protests and a flare-up in tensions between the United States and Iran in the country. BP informed Iraqi authorities last month that it was pulling its staff out of the oilfield in the north of the country after its 2013 service contract expired at the end of 2019, the sources familiar with the matter said.
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Davos 2020: de-escalation in Iraq high on agenda

Davos 2020: de-escalation in Iraq high on agenda

The de-escalation of tensions in the Middle East, particularly in Iraq, will be high on the agenda at next week’s World Economic Forum Annual Meeting, which is the organisation’s 50th yearly gathering in Davos, Switzerland. Taking part in these efforts will be regional leaders including Barham Salih, Iraq’s President and Iraqi Kurdistan President Nechirvan Barzani, organisers said on Tuesday. The United Nations special envoy for Iraq, Jeanine Hennis-Plasschaert, will also be in Davos.
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Trump’s threat to ruin Iraq financially has a historical parallel

Trump’s threat to ruin Iraq financially has a historical parallel

It is outrageous to expect Iraq, which has suffered the loss of hundreds of thousands of lives and the destruction of its infrastructure and economy, to pay for its own occupation. When US President Donald Trump threatened to make Iraq pay for the sprawling US base west of Baghdad if it forced American troops to leave the country, I reached out to an old friend who was a professor of international development studies at George Washington University. Did he see any parallels, I asked, between Trump’s demand for billions of dollars from Iraq and a despicable, long-ago international episode between France and Haiti?
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Iran’s Retaliation Could Cause A Middle East Oil Shock. By Gregory R. Copley

Iran’s clerical leadership, under “Supreme Leader” Ayatollah Ali HoseiniKhamene‘i, is expected to make rapid, significant, and symbolic responses to the targeted killing in Baghdad on January 3, 2019, of Iranian Revolutionary Guard Corps Quds Force commander Maj.-Gen. Qasem Soleimani. It seems unlikely that the Iranian response would initially be to launch a military assault

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A Wonder To Behold: Craftsmanship and the Creation of Babylon’s Ishtar Gate’ Review: Opening the History of a Magnificent Portal. By Melik Kaylan

The exhibition takes a holistic approach to the celebrated monument, from its construction to its stunning re-creation.   New York We all used to visit museum shows about antiquity to feast our eyes on gorgeous objects and imagine the cultural wealth of, say, ancient Egypt, Greece or Rome. These days, curators are increasingly changing and deepening the experience

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U.S.-IRAQ RELATIONS AT A CROSSROADS: POLICY OPTIONS. By Michael Knights

Washington should smartly employ tougher love in the coming months, working with other nations and Iraqi moderates to improve the country’s chances of recovery from militia rule. In recent days, U.S. officials have repeatedly indicated that the relationship with Iraq is at an inflection point, but the current crisis has been a long time coming. Iran-backed militias, most pro

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The Iraqi National Economy

IMF Iraq Report 2019: ARTICLE IV CONSULTATION AND
Under Article IV of the IMF’s Articles of Agreement, the IMF holds
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Economic growth, abrupt institutional changes and institutional policies:
ABSTRACT This article deals with economic growth in Iraq when formal institutions
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Amer
The ‘Construction Council’ Bill 2019 – A Critique.
The nearly year-old cabinet of Adel Abdul-Mahdi, the prime minister, has, in
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Oil & Gas Policy

Can Iraq Become A World Class Petrochemicals Player?
Theoretically, there is no reason why Iraq cannot become one of the
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Iraqi Oil: industry evolution and short and medium-term
Iraq has been a key contributor to OPEC liquids growth, with IOCs
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CWC Conferance June 2019
IEN Participates on Iraq Petroleum 2019 as Media
Iraq Petroleum 27–28 June 2019 | London, UK Iraq’s Leading Discussion About Its
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Iraq could see new revenues from its troubled
Iraq may be on the cusp of a revenue windfall after losing
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