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.

The economy of Iraq is mostly oil-dependent as oil revenues contribute to over two-thirds of the GDP and nearly most of the exports and government revenues. Investment in the oil sector has reached 66% of the total expenditure investment in 2017. The GDP of Iraq in 2019 has reached USD 234.09 Billion with an annual growth of 4.401%. The unemployment rate is 10.26% in men while

Ahead of our forthcoming second report on Iraq’s water resources, we spoke with Eckart Woertz, Director at the GIGA Institute of Middle East Studies and Professor for contemporary history and politics of the Middle East at the University of Hamburg. In 2014, Dr. Woertz published Oil for Food: The Global Food Crisis and the Middle East. A detailed analysis of the political ec

The Iraq Index is a statistical compilation of economic, public opinion, and security data. This resource will provide updated information on various criteria, including crime, telephone and water service, troop fatalities, unemployment, Iraqi security forces, oil production, and coalition troop strength. The index is designed to quantify the rebuilding efforts and offer an

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A typical Iraqi individual From the outset, let me say that I am an Iraqi in every sense of the word. My one goal in life was to pursue a career in energy as a petroleum engineer and serve my country. Despite several setbacks in my younger years, I secured my dream job, but it came at a cost. In 1971, I was sentenced to death in absentia on trumped-up charges that led to

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