Sectors Studies & Policy

It is in the national interest that the Ministry of Oil, especially in the absence of due democratic processes in making policy, consult with an Iraqi think-tank, made up of competent Iraqi oil technocrats, in an atmosphere of constructive debate. Rules and procedures for incorporating advice and consultation from the think-tank ought to be worked out and selection should be

Baghdad is most at risk from the global transition to net-zero by the middle of the century   Iraq's deputy prime minister and finance minister Ali Allawi called on the international community to help rentier economies such as Iraq through funding and transfer of knowledge to combat climate change. AFP   Iraq, Opec's second-largest producer, plans to inves

Iraq, Opec’s second-largest producer, is in talks with the international oil majors operating in the country to help boost its crude production capacity to about 8 million barrels per day, the country’s oil minister said on Wednesday. Ihsan Ismail also said Baghdad considered oil trading between $75-$80 per barrel range as a “fair price for both producers and consumers”.

Introduction   In November 2020, ahead of annual term contract negotiations,1 Iraq’s State Oil Marketing Organisation (SOMO) announced it would further split its crude streams from two into three by launching a new export grade: Basrah Medium. The launch of Basrah Medium – 27.9° API (3% sulphur) – in January 2021 marks the second time Iraq has split its Basra crude stream