Iraqi Economists Network

Baghdad calls on Iraqi Kurdistan officials to discuss oil export resumption

Baghdad (IraqiNews.com) – In an attempt to come to an agreement on the restart of oil exports via an oil pipeline to the Turkish port of Ceyhan, the Iraqi Ministry of Oil on Tuesday asked for a meeting as soon as possible with the Ministry of Natural Resources in the Kurdistan region of Iraq and foreign companies operating in northern Iraq.

Iraq to continue oil production cuts until the end of 2025

Baghdad (IraqiNews.com) – Iraq and other OPEC+ member states decided on Sunday to extend the additional voluntary cuts of 1.65 million barrels per day until the end of December 2025. Iraq, Saudi Arabia, Russia, the UAE, Kuwait, Kazakhstan, Algeria, and Oman, which announced voluntary cuts in April 2023 and November 2023, held a meeting in the Saudi capital, Riyadh, on the sidelines of the 37th OPEC and non-OPEC Ministerial Meeting (ONOMM).

IMF Expects Iraq’s Economy to Grow by 1.4% in 2024, 5.3% in 2025

The International Monetary Fund (IMF) said on Thursday that Iraq’s economy contracted by 2.2% in 2022, projecting a growth by 1.4% in 2024 and 5.3% in 2025. The international monetary organization expected fiscal deficit to widen to 7.6% of GDP in 2024 from 1.3% in 2023, noting that Iraq requires an ambitious fiscal adjustment to stabilize debt in the medium term and rebuild buffers.

Baghdad announces commitment to nationwide census date

Baghdad (IraqiNews.com) – The Iraqi Minister of Planning, Mohammed Tamim, said on Sunday that the population census will take place on November 20, 2024, as planned. Tamim mentioned in a statement that he met with officials in the Planning Ministry, where he reviewed the stages of work and the progress made in field procedures and requirements to complete the population census.

West Qurna-2 has around 14 billion barrels of reserves in place. West Qurna 2 has long been able to produce a lot more than the 400,000 bpd it currently produces. Russian operator Lukoil has been receiving an exceptionally low remuneration rate per barrel. Changes in the stance of both Baghdad and Lukoil could mean that the original deal to boost production to at l

Introduction The Kurdistan Regional Government (KRG) stepped into 2022 with not enough cash to pay the December salaries of civil servants and pensioners; delayed to January 2022. Now, at mid-March, civil servants are going on strike and taking to the streets of Sulaymaniah to demand their February salaries. The evidence on the ground shows that the government developed a c

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

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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