Download PDFMy Corrected Edited initial oil market review revisited (2) The conclusion of my last Iraq oil market review was reflected by its heading that, ‘Politics cannot be ruled out, but market fundamentals remain in force.’ However, no doubt, views on the subject do differ and each is worthy of consideration. My aim here is not to dispute but to reflect further on this im
Read More
Due to the importance of Southern Iraq’s oil field development contracts to the Iraqi economy and the country’s petroleum sector, it has become a political and media topic for speakers and politicians without trying seriously to understand the legal framework, the economic basis, and the oil professional essences of these contracts besides using incorrect and politicized inform
Read More
Download PDF Tariq Shafiq- Researched Highlight of the Oil Matrket Generally speaking, oil prices go up when the global economy is robust, world demand is rising, suppliers are pumping at maximum levels, and little stored or surplus capacity is on hand. They tend to fall when, as now, the global economy is stagnant or slipping, energy demand is tepid, key suppliers fail to rei
Read More
Its latest industry forecast reckons oil touching $95 a barrel in real terms by 2040 The annual Opec’s World Oil Outlook (WOO) report has just been issued and gives pointers to the prospects for the energy industry in general and the oil market in particular up to the year 2040 as seen by researchers of the Secretariat. Since the previous report which was issued in November 20
Read More
The rehabilitation of the refinery is going to be extremely difficult, but with looting the task will be double the cost and more difficult In this column, I am appealing to whomever it may concern in — or out — of Iraq regarding some sad aspects of Baiji refinery, where, for a great part of my career, I was involved in its planning, construction, follow-up and management. The
Read More