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
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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
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Download PDF Dr Ali Merza’s excellent paper on the “The First Round of Licencing in Iraq: Economic Evaluation” ** has tempted me to write this short article as complementary knowledge to bring about the bigger picture to decision makers when fully evaluating the the next round of the Oil contracts. Although economic evaluation is critical to the decision making process, it do
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CAMBRIDGE – One of the biggest economic surprises of 2015 is that the stunning drop in global oil prices did not deliver a bigger boost to global growth. Despite the collapse in prices, from over $115 per barrel in June 2014 to $45 at the end of November 2015, most macroeconomic models suggest that the impact on global growth has been less than expected – perhaps 0.5% of global
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Iraq Energy Institute (IEI) conducted this exclusive interview with HE Thamir Al-Ghadhban, the Senior Advisor to the Prime Minister of Iraq on Energy Affairs. Mr. Al-Ghadhban has decades’ of experience in the energy sector, working through the nationalization period of Iraq’s oil industry in the 1970s and 80s, and held various senior positions in Iraq’s Ministry of Oil during t
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