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.

A recent Bloomberg news report entitled Iraq Aims to Go Nuclear to Resolve Crippling Power Shortages[1] revealed that Iraq is planning to build 8 nuclear reactors to generate electricity to close an expected electricity supply gap of 50% by 2030. The news report quoted Dr. Kamal Hussain Latif, Chairman of the Iraqi Radioactive Sources Regulatory Authority (IRSRA) saying that th

Politically sanctioned corruption and barriers to reform in Iraq. By Toby Dodge and Dr Renad Mansour This paper explores the pernicious effects of politically sanctioned corruption on governance in Iraq. This type of corruption is more consequential for the coherence of the state, and for its everyday functioning, than petty or personal corruption. It is the key barrier to r

Geneva - More than 1.2 million Iraqis are still internally displaced persons (IDPs), despite military operations against the Islamic State organization (ISIS) ending nearly four years ago, a new Euro-Mediterranean Human Rights Monitor report said. Entitled “Exiled at Home”, the report documents the conditions of the internally displaced Iraqis on a humanitarian level. In add

Iraq has been buffeted by ill-winds over the past 40 years. Wars, sanctions, terrorism and domestic conflict have threatened its stability and the well-being of its citizens. But by far the most serious long-term threat the country faces is from the potential economic impact and environmental devastation of climate change. According to the UN Environment Programme, Iraq is t

Baghdad, May 27, 2021 – Oil price volatility and COVID-19 have increased Iraq’s economic woes and deepened existing economic and social fragilities. With global oil markets trends turning positive, the outlook for Iraq is set to improve. The new edition of the Iraq Economic Monitor for Spring 2021 titled “Seizing the Opportunity for Reforms and Managing Volatility” expects t

Latest Economy News

Latest Publication

The Iraqi National Economy

Oil & Gas Policy

Books Library

Video Gallery