The Iraqi parliament still has not been able to approve the draft general budget for 2014, prompting Prime Minister Nouri al-Maliki to warn of the possibility of a major financial crisis and a disruption of state institutions. As the conflict continues between Baghdad and Erbil regarding Iraqi Kurdistan's share in the state budget, there is a pressing need for the government t
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Download PDF This article discusses some of the main issues covered by IEA Iraq Energy Outlook 2012 and the challenges facing the Federal Hydrocarbon plans. In absence of long term strategy and planning by Iraq’s Ministry of Oil, the issues discussed here are guidelines for radical actions required to ensure flow of enough revenue from Oil and Gas exports to: Reconstruct and
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The government wants to expand power generation capacity rapidly, but proposed new legislation is inadequate for the task, say Luay Al-Khatteeb and Harry Istepanian IRAQ's electricity sector has been in crisis since 2003, with citizens still facing long hours of blackouts despite the government's mammoth spending on electricity over the past 10 years. The sector has underperfo
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Revenue through oil export in Iraq is likely to increase for the month of April as Basrah Light crude to Asia sells at the highest rate in more than a year against Saudi prices and shipments expand. Iraq is set to export the most Basrah Light in at least two years next month, at the same time as the grade’s discount to Saudi crude is the narrowest in 17 months. Alexander Poegl,
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