Iraqi Economists Network

شبكة الاقتصاديين العراقيين

Latest Economy News

Iraq urges Indian companies to participate in energy and infra projects: Envoy

Iraq urges Indian companies to participate in energy and infra projects: Envoy

Being one of the largest oil and LNG importer, India is looking at other countries to fulfill its demands. Being one of the largest oil and LNG importer, India is looking at other countries to fulfill its demands. Soon, Minister of Petroleum and Natural Gas Dharmendra Pradhan will be visiting Iraq to explore possibilities for increasing imports from that country. Fear of political unrest and lack of direct sea route, Indian businesses have kept away from Iraq since 2002. With the country limping back to normalcy, the bilateral trade between the two countries touching $ 19bn between 2017-18, Indian companies could play a major role in Iraq’s economy by joining various projects in infrastructure and commodities.
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Iranian Bank Opening 7 Branches in Iraq

Iranian Bank Opening 7 Branches in Iraq

TEHRAN (Tasnim) – An Iranian private bank has been authorized by the Central Bank of Iraq to open seven branches in the Arab country, an official said. According to Chairman of Iranian Private Banks Institute Koorosh Parvizian, the Iranian private bank has already opened two of the seven branches in Iraq. He noted that opening of the new banks in the Arab country are part of plans to support Iran’s exports to the Iraqi market. Every new branch of the Iranian private bank has a capital of $50 million, Parvizian added.
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Iraqi PM ends China visit with flurry of agreement signings

Iraqi PM ends China visit with flurry of agreement signings

ERBIL, Kurdistan Region — Iraq’s Prime Minister Adil Abdul-Mahdi concluded his five-day trip to China with the signing of eight broad-ranging agreements on Monday in a bid to diversify ties between the two countries. Abdul-Mahdi was heading a delegation consisting of, among others, Iraqi ministers and provincial governors. On the fifth day of the visit, the Iraqi PM met with the Chinese President Xi Jinping and the Premiere of the State Council Li Keqiang. In the meeting, the two sides signed agreements in a variety of fields, including finance, trade, security, construction, communications, culture, education, and foreign affairs, according to a readout from the Iraqi PM’s office.
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Belarus ready to help rebuild Iraq economy

Belarus ready to help rebuild Iraq economy

September (BelTA) – Belarusian Minister of Foreign Affairs Vladimir Makei met with Senior Undersecretary of the Ministry of Foreign Affairs of Iraq Nizar Al-Khairalla, who is in Belarus on a working trip, the press service of the Belarusian Ministry of Foreign Affairs told BelTA. The sides exchanged opinions about topical items on the international agenda and the situation in the Middle East. Vladimir Makei underlined Belarus' commitment to principles of international law and the importance of promoting peaceful initiatives and a political dialogue for the sake of stabilizing the situation and restoring peace in the region.
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Iraqi Oil: industry evolution and short and medium-term prospects. By Ahmed Mehdi

Iraq has been a key contributor to OPEC liquids growth, with IOCs in southern Iraq having added approximately 1.7–1.8 mb/d (million barrels per day) in the period 2011–16. With renewed focus on medium-heavy sour markets in light of OPEC output policy, geopolitical supply-side disruptions and Asian refining dynamics, Iraq’s future role in oil markets is of critical importance. T

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GLOBAL TRENDS IN RENEWABLE ENERGY INVESTMENT 2019

ACKNOWLEDGEMENTS This report was commissioned by UN Environment’s Economy Division in cooperation with Frankfurt School-UNEP Collaborating Centre for Climate & Sustainable Energy Finance and produced in collaboration with BloombergNEF. CONCEPT AND EDITORIAL OVERSIGHT Angus McCrone (Lead Author, Chief Editor) Ulf Moslener (Lead Editor) Francoise d’Estais Christine Gr

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Iraqi universities must aim higher. By Mohamed Al-Rubeai

Fifteen years ago, Iraq’s higher education infrastructure was in tatters. Two years into the US-led invasion, which began in 2003, 84 per cent of universities had been “burned, looted or destroyed”, according to a United Nations report. Many institutions still feel the impact of the conflict, enduring regular electrical outages and shortages of equipment, facilities and m

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Iraq’s Energy Sector: A Roadmap to a Brighter Future

Foreword In 2012, the International Energy Agency (IEA) released the first in-depth study of Iraq’s energy sector. We had an exceptional opportunity to engage with Iraq and produced a unique perspective on the country’s outlook, covering the role of energy in Iraq’s economic and social development as well as the increasingly important role that Iraq was set to play in global

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The Iraqi National Economy

Promoting Investment in a Fragile Context: the OECD
FOREWORD  In 2007, the Government of Iraq requested OECD support to help
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The National Development Plan of Iraq for 2018-2022
Download the document as PDF file. Click on folksinging link NationalDevelpment Plan
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The Contribution of the German KfW to the
Three KfW employees are travelling to Baghdad to clarify the details of
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Oil & Gas Policy

Rosneft’s Iraqi Kurdistan oil and gas play angers
When the Iraqi autonomous region of Kurdistan went looking for someone brave
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Interview with Gary Vogler, author of the Book:
The longest-serving American in Iraq’s oil sector gives an insider’s account of
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Iraqi oil law puts elections before state-building. By
Since the ratification of Iraq’s constitution in 2005, Iraq has struggled to
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Iraq establishes National Oil Company. By Adnan Abu
ARTICLE SUMMARY To help further develop Iraq’s energy sector, parliament recently passed
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