Iraqi Economists Network

شبكة الاقتصاديين العراقيين

Latest Economy News

Kurdish, Iraqi leaders voice hope of better relations as 2021 budget passed

ERBIL, Kurdistan Region — Kurdistan Region and Iraqi leaders have spoken of their hope and optimism that the Wednesday passage of the 2021 budget bill will lead to closer ties between Erbil and Baghdad.  The budget approval puts an end to months of disputes between Erbil and Baghdad over the Kurdistan Region’s share of federal funds. “We hope that this becomes a precursor for developing relations between the Kurdistan Region, the federal government, and all political parties,” Kurdistan Region Deputy Prime Minister Qubad Talabani said in a statement early Thursday morning.
Read More

Iraq Approves Smaller Budget Plan, Assuming Oil at $45 a Barrel

Iraq’s lawmakers approved a revised budget for this year that’s smaller than initially envisaged to help narrow the deficit and reduce borrowing. OPEC’s second-largest producer assumed oil prices would average 65,250 Iraqi dinar ($45) per barrel in the budget statement. The country’s total exports, including from the autonomous region of Kurdistan, would be 3.25 million barrels a day, the parliament’s press department said via WhatsApp messages.
Read More

Iraqi PM seeks to boost ties on his first visit to Saudi Arabia

Mustafa al-Kadhimi meets top Saudi leadership as he aims to forge a closer economic and security ties with the kingdom. Iraq will never become a launchpad for attacks on Saudi Arabia, Prime Minister Mustafa al-Kadhimi pledged on Wednesday during a long-awaited visit to the kingdom aimed at forging closer economic and security ties. In January, explosive-laden drones crashed into the main royal palace in Riyadh, with American media citing US officials as saying they were launched from neighbouring Iraq.
Read More

Iraq signs agreement with Total for four energy projects

BAGHDAD, March 29 (Reuters) - Iraq has signed a heads-of-agreement deal with French firm Total TOTF.PA spanning four projects involving natural gas, solar energy and seawater reprocessing, the oil ministry said on Monday. Total will make a "multi-billion-dollar" investment and the four initial deals will be submitted to the cabinet for final approval, Oil Minister Ihsan Abul Jabbar was quoted as saying in a ministry statement. The agreement was signed during a visit by Total CEO Patrick Pouyanne, it said.
Read More

A rejoinder to World Bank’s response to my article Re: ‘World Bank assessment is flawed…manufacturing is viable in Iraq.’By Dr. Amer Hirmis

To the editors of the ‘Iraqi Economists Network’ (IEN)   At the outset, my thanks go to the editors of the IEN and also to the World Bank’s ‘Country Economic Memorandum Team’ (WB-Team) for their interest in my article posted at the IEN website in early March (http://iraqieconomists.net/en/2021/03/08/world-banks-assessment-is-flawed-manufacturing-is-viable-in-iraq-pre

Read More

The Iraqi National Economy

Iraqi And Kurdistan Budget Hangs In The Balance.
Despite the Government of Iraq and the Kurdistan Regional Government (KRG) agreeing a deal over its 2021 budget
Read more.
GIZ-PSD Iraq and Iraqi Economists Network (IEN) Joint
CALL FOR PROPOSALS   The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH
Read more.
GIZ-PSD Iraq and Iraqi Economists Network (IEN) Joint
CALL FOR PROPOSALS   The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH
Read more.
Read More

Oil & Gas Policy

The Iraq Considers A String Of Massive Oil
Iraq’s With the Western-leaning, reformist agenda of Iran President, Hassan Rouhani, neutered
Read more.
Oil: Brokered or Broken? By Alastair Newton
Last weekend’s agreement notwithstanding, international cooperation over oil output stands to be
Read more.
China Prepares To Close ‘Oil Deal Of A
Over the past week or so, China has eased quarantine measures in
Read more.
The Soleimani Effect: A Game-Changer for Iraqi Crude
The changing geopolitical landscape for Iraq’s energy sector   Much ink has
Read more.
Read More