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.

BAGHDAD — Severe drought is affecting agricultural lands across Iraq because of the low levels of river water. Iraqi officials have raised the alarm on the negative impact of the Turkish Ilisu Dam on the Tigris River, which is scheduled to be completed by the end of 2016. Iraqi Minister of Water Resources Hassan al-Janabi and other politicians have been vocal on this matter.

ERBIL, Iraq — The salary crisis in the Kurdistan Region of Iraq has led to further economic, political and social interdependence with Baghdad, which began to melt the Kurdish dream of independence. The economic situation has affected even the most hard-line nationalist politicians in the Kurdistan Region. Massoud Barzani, the president of Iraqi Kurdistan, visited Baghdad on

Internal political bickering and public discontent over economic problems could complicate the upcoming Mosul campaign and the KRG's long-term unity. On September 29, President Masoud Barzani of the Kurdistan Regional Government led a delegation to Baghdad -- a rare visit that may help consolidate efforts to liberate Mosul and alleviate the KRG's economic and political woes.

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