Energy, Oil & Gas Policy – Page 29 – Iraqi Economists Network

Iraqi Oil: Transparency and Corruption, By Munir Chalabi

Download PDF On June 11, 2011, the Los Angeles Times reported that at least $6.6 billion out of the $12 billion of Iraq's money from the United Nations' oil-for-food program was very likely stolen, stating, "For the first time, federal auditors are suggesting that some or all of the cash may have been stolen, not just mislaid in an accounting error. Stuart Bowen, special inspe

Download This report examines Iraq’s current hydrocarbon contracts. It posits that they leave IOCs with too much control over the country’s producing fields, and suggests alternatives. Since 2009, the Iraqi federal Oil Ministry has signed 11 so-called Technical Service Contracts (TSCs) and Development and Production Service Contracts (DPSCs) with some of the world’s largest int

For full text of the paper including end-of-paper tables and appendix, click PDF file. I. Introduction[i] The flaring of gas has been going on in Iraq for more than seventy years. In 2008, Iraq was classified as the fourth largest gas-flaring country (After Russia, Nigeria, and Iran), GGFR (2009). Furthermore, the utilization of produced gas has deteriorated from 30 percent dur

For full text of the paper including end-of-paper tables and Appendix, click PDF file. Introduction After long years of waste, there is now an agreement/deal that could transform mostly zero-value natural gas into positive domestic benefits and export profits. It was signed in November 2011, between the Iraqi South Gas Company, SGC, and an alliance of subsidiaries of Shell and

Download Commentary on IEA Report: Iraq Energy Outlook, by Tariq Shafiq * VC, IEA Energy Business Council ,Friday, 19 October, 2012 Mr Chairman, ladies & gentlemen: It is a privilege to address you on the subject of the path of Iraq energy sector, covered by the IEA Study of Iraq Energy Outlook I will go over the main conclusions and express some thoughts thereabout to