Energy, Oil & Gas Policy – Page 28 – Iraqi Economists Network

IRAQ –TOWARDS A VIABLE NATIONAL ENERGY POLICY – By Luay Al Khatteeb , and Omar Al Saadoon*

Download PDF Energy Potential vs. Reality Oil and Gas According to recent international estimates Iraq is expected to earn $5 trillion from oil exports up to 2035. Yet despite having reserves of 143 billion barrels, and awarding concessions to international oil companies (IOCs) for field development both in the north and south, it has yet to exceed its peak production of appr

Download A year has passed since the landmark deadline of December 2006, which was ‘publicly’ imposed by the IMF, the Iraqi Study Group (ISG), the US administration and the International Oil companies (IOCs) on the Iraqi government to deliver the long awaited Iraqi oil law. But it still seems that we are no closer today to seeing the new law approved than we were back in Decem

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Download Iraq has proven oil reserves of 118 billion barrels and this could be increased by up to 235 billion barrels. Iraq also has 78 trillion standard cubic feet of gas reserves which could also be increased by up to 110 trillion standard cubic feet through enhanced recovery and exploration. The Iraqi Deputy Prime Minister Barham Salih stated that new exploration showed tha

Download PDF Over eleven months have passed since the signing of the oil contracts between the Federal Ministry of Oil in Baghdad and the International oil companies (IOCs) resulting from the first and second bid rounds. However, to this date none of these contracts have been publicly released or published in any foreign language. Amazingly, all the contracts are written in En