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.

ERBIL, Kurdistan Region - The financial advisor to Iraq’s prime minister on Wednesday stressed the need for all internal transactions to be conducted using the Iraqi dinar, telling Rudaw that using anything other than the national currency is a disrespect to the state’s sovereignty. The Iraqi dinar has been losing value against the US dollar for several months, leading to a

Shipping is one of many sectors where Iraq is still playing catch-up after decades of conflict. To this end, the Iraqi Oil Tankers Company (IOTC) recently added a new oil products tanker to its small fleet. Its vessels mostly operate within Iraqi waters, shuttling heavy fuel oil from two ports in the south of the country. The Sumer, a medium range ship with 31,000 deadwe

Iraq’s climate is changing faster than people can adapt. With each passing summer, new records are logged: record high temperatures, record low water levels. Between May and October, the heat scorches all that is dead and sears everything that lives. During the day, the sun forces people inside; in the evening, the heat lingers in cities that feel like the inside of a hair d

Cop28 must be a moment for collective action, both in the region and worldwide The garden of Eden is said to have existed somewhere between the Tigris and the Euphrates, in Iraq. Over the past two centuries, foreign adventurers came to marvel at the waterways and marshes immortalised in the Epic of Gilgamesh, with their water buffalo, wild boar, otters, pelicans, flocks of f

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