archive – Page 175 – Iraqi Economists Network

Major Notes on the Summarized Final Report of the Integrated National Energy Strategy of Iraq (INES), By Dr. Kamil Al-Adhadh*

I have read with interest the Summary of the Final Report of the INES. There are certain points that I would like to raise, relating to a few aspects that I consider important. I will restate the essential elements of the Strategy`s proposals that invoked my comments. The opening key to understanding the basic objectives of the INES is to quote the vision statement of the Strat

Introduction This report presents the recommendations achieved by the Integrated National Energy Strategy (INES) for Iraq. It describes the current challenges facing Iraq’s energy sector and the opportunities presented by Iraq’s energy resources. It defines a vision and a set of national policy objectives for Iraq’s energy future. It then lays out a long-term plan of polic

BAGHDAD — Since the American-led invasion of 2003, Iraq has become one of the world’s top oil producers, and China is now its biggest customer. China already buys nearly half the oil that Iraq produces, nearly 1.5 million barrels a day, and is angling for an even bigger share, bidding for a stake now owned by Exxon Mobil in one of Iraq’s largest oil fields. “The Chinese are the

Abstract The bulk of revenue that is generated in the Iraqi Economy is from oil export. The oil sector is an enclave sector with very little interaction with other areas of the economy. Government Budgeting is the only medium by which development in the oil sector can be used to promote other areas of the economy. This demands a greater emphasis of the role of budgeting, as an