Iraqi Economists Network

شبكة الاقتصاديين العراقيين

Latest Economy News

Iraq Moves to Implement Court Rule on Kurdistan Oil Operations

Iraq said it will start implementing a court ruling that gives the federal oil ministry oversight of Kurdish production after failed talks with officials from the semi-autonomous region. The Oil Ministry didn’t reach an agreement with the Kurdistan Regional Government over oil output and exports after 75 days of talks, Oil Minister Ihsan Abdul Jabbar said during a round-table meeting with officials in the Iraqi National Oil Co. Baghdad’s central government has long asserted its right to manage resources in Kurdistan, which has been pumping and selling oil independently. The top court ruled in February that the Oil Ministry is the sole body in charge of all oil operations in the country. 
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Iraq seeks ‘technical assistance and moral support’ for reform programme

Country’s economy is gradually recovering from the twin shocks of Covid-19 and the collapse in oil prices in 2020 Iraq, Opec’s second-largest oil producer, is seeking “technical assistance and moral support” from the international community for its reform programme as it seeks to boost its economy amid higher crude prices.
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Iraq’s water reserves fall 50 per cent after river diversions and dry spell

Iraq’s water reserves are down by half from a year ago because of poor rainfall and restricted flows in its two main rivers, the Ministry of Water Resources said on Thursday. But the reserves will be enough to meet the demand for drinking water and for irrigating orchards and seasonal crops, the ministry’s adviser, Aoun Diab, said.
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Iraq Aims to Close Qatar Gas Import Deal to Add Supply

Persian Gulf oil producer wants to sign LNG deal next month Iraq needs gas for power generation, electricity minister says By Khalid Al Ansary April 2022, 14:04 MESZCorrected20. April 2022, 14:18 MESZ Iraq plans to sign a deal next month to import liquefied natural gas from Qatar in an effort to secure enough of the fuel used for power generation and to diversify its sources of supply.
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What Oil Policy for Iraq? By Tariq Shafiq *

It is in the national interest that the Ministry of Oil, especially in the absence of due democratic processes in making policy, consult with an Iraqi think-tank, made up of competent Iraqi oil technocrats, in an atmosphere of constructive debate. Rules and procedures for incorporating advice and consultation from the think-tank ought to be worked out and selection should be

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China Belt and Road Initiative (BRI) Investment Report 2021

Key findings: BRI finance and investments stabilized in 2021 at US$ 59.5 billion (compared to US$ 60.5 billion in 2020); No coal projects received financing or investments in 2021; Green energy finance and investments in the BRI slightly increased to a new high in 2021 at US$6.3 billion (compared to US$ 6.2 billion in 2020); Oil-related finance and investments in

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The Iraqi National Economy

Iraq’s Development Cocktail: A two-way street passing through
Forward This research work was supported by the German Agency for International
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HOW CAN IRAQ AVOID AN OIL CURSE? EXPERIENCES
Forward This research work was supported by the German Agency for International
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World Bank. Iraq: New Partnership to Improve Public
Washington DC, August 05, 2021—The World Bank Group has renewed its commitment
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Oil & Gas Policy

Iraq aims to boost crude output to 8
Iraq, Opec’s second-largest producer, is in talks with the international oil majors
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The second split: Basrah Medium and the challenge
Introduction   In November 2020, ahead of annual term contract negotiations,1 Iraq’s
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New hope that Iraq will reduce oil sector
Large projects to gather associated gas are making progress Increased investment in
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Iraq Secures New Investments In Its Booming Oil
After recent announcements of new developments in Iraq by several oil majors,
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