Since the ratification of Iraq’s constitution in 2005, Iraq has struggled to interpret clauses 111 and 112, which stipulate that oil is the property of the Iraqi people and its revenues should be shared equitably. Several draft laws on hydrocarbon management, energy sector regulation, and oil revenue distribution have remained stalled because of differences between the federa
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As Baghdad prepares to send large back payments to Tehran, any misappropriation could threaten the flow of electricity to Iraq and bolster sanctioned entities in Iran. Iraq and Iran's close trading ties are heavily unbalanced in Tehran's favor—$6.5 billion of Iranian exports to Iraq versus $60 million in the other direction. This disparity extends to electricity, where Iran
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ARTICLE SUMMARY To help further develop Iraq’s energy sector, parliament recently passed a law that establishes the National Oil Company for oil extraction and manufacturing. The Iraqi parliament voted March 5 on the National Oil Company draft law, which regulates oil production and exports and fairly distributes its revenues to the different regions of Iraq. The clauses o
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U.S. support for Iraqi oil export projects involving Turkey, the Gulf, and Europe can help keep undue Iranian influence at bay. Despite a fifteen-year security crisis that would have sunk most societies, Iraq has registered year-on-year oil production increases that make its energy sector a global success story. Going forward, Iraqi hydrocarbons will either be exploited by I
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Ali Al Zahid, CEO of Zain Iraq, is confident that the youth-centric telecomms operator's digital investments will pave the way for a brighter future for the company as well as the country Al Zahid thinks that it’s essential for the government to involve major companies like Zain Iraq in discussions that affect the economy, given the fact that these organisations make a signi
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