Energy, Oil & Gas Policy – Page 17 – Iraqi Economists Network

$7.3 Billion on KRG fuel imports could have been saved with affordable gas. By Luay Al-Khateeb

$7.3 billion on KRG fuel imports could have been saved with affordable gas Editor's Note: Luay al-Khatteeb discusses the relationship between Kurdistan Regional Government (KRG) and Baghdad in an interview with Harem Karem of theThe Kurdistan Tribune. Harem Karem: How do you see the future of the current deal between Baghdad and Erbil? We are handing over the agreed oil

Long live the price maker Since its inception in 1960, OPEC and the world of oil has often been misunderstood or seen as shrouded in mystique or myth. OPEC members have 81% of the world’s known reserves with 66% being in the Middle East and though it now only accounts for a third of world crude oil production, the importance of the organization for the world’s future shoul

Low oil prices haven't been great for countries that heavily rely on the commodity. Governments in oil-producing states need oil's price to stay above a certain price so that they can meet their spending commitments. In a note to clients, Deutsche Bank's strategist Michael Hsueh shared a chart that shows the fiscal break-even price per barrel for major OPEC and non-OPEC count

The oil-sales pact agreed in December is crumbling, undermining the fight against Islamic State BAGHDAD—An oil-sales deal between Iraq and the semiautonomous Kurdistan Regional Government is close to collapse about six months after it was signed, undermining the country’s unity as it struggles to fight Islamic State and contain an escalating financial crisis. Months of acrimo

A Note on Global Oil Prices and Exports from Iraq *. By Dr. Falah Alamri ** Ladies and Gentleman, I would like first to thank the organizers of this conference for giving me the opportunity to speak in such an important gathering. I will focus in my brief speech mainly on two points. First, factors behind the declining and volatility of oil prices, and second, the potential inc