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.

Global oil markets remain volatile ahead of OPEC’s May 25 ministerial meeting on expectations that the producer group and its non-OPEC partners will extend production cuts until the end of 2017. The alliance agreed to reduce production by a collective 1.8 million barrels per day (mb/d) from January to June in a bid to rebalance oversupplied oil markets. Mounting concern

Introduction: With the focus of the international community confined to a great degree to Iran’s nuclear capability, a trend has emerged in the MENA region with more and more countries vying for nuclear technology albeit for peaceful purposes, primarily as a mean to produce electricity preserving its hydrocarbon industry, i.e., the oil gas sector and maximizing its retu

AKFA speakers at a seminar on Kurdistan Region's economic challenges and solutions at the University of Kurdistan Hewlêr (UKH), May 3, 2017. (Photo: UKH) ERBIL, Kurdistan Region (Kurdistan24) - At a seminar in Erbil the American-Kurdistan Friendship Association (AKFA) Wednesday assembled experts in a bid to search for answers to economic challenges the Kurdistan Region faces

The KRG's independence referendum should be treated as a tactical bid to unify the Iraqi Kurds and strengthen their position toward Baghdad, but without jettisoning their gradualist approach. This fall, the Kurdistan Regional Government (KRG) plans to hold a referendum on independence that it says will start a process of secession from Iraq. Despite this clear declaration of

Latest Economy News

Latest Publication

The Iraqi National Economy

Oil & Gas Policy

Books Library

Video Gallery