Investment Trends in the Iraqi Oil Sector (Upstream – Oil Refining – Gas Treatment - Transportation - Distribution) (2003 – 2020)

Authors

  • Aysar Y. Fahad Al-iraqia University, Baghdad, Iraq
  • Hisham Yas Shaalan Iraqi Ministry of Oil, Baghdad, Iraq.

DOI:

https://doi.org/10.52716/jprs.v12i2.662

Keywords:

oil investment, Iraqi Economy, international Economy.

Abstract

The paper deals with the analysis of indicators of changes in investment in the oil sector in Iraq to study the traditional patterns and the current patterns developed for oil investment in the extractive, transformational and distributive fields that were employed in Iraq to redraw the map of the economy in general and the oil industry in particular. The paper proceeds from the premise that the licensing rounds that took place in the Iraqi oil sector did not show their tangible results for internal and external reasons that were diagnosed. The study reached the main conclusion that the real performance and progress in the Iraqi oil sector was unbalanced and slow in some areas and that investment in it would create a balance between the urgent needs for expansion of investment projects and their capital requirements.

References

Hisham Yas: Iraqi Economy; Present and Future, Economic and Administrative Reform Conference, College of Business and Economics, University of Baghdad, Iraq, 2005.

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Ministry of Planning, National Development Plan Reports (2013-2017), Iraq, 2013.

Ibid. p 2.

Ministry of Oil, Annual National Plan Reports (2003-2011), Iraq, 2013.

Ministry of Oil, Internal Reports, Iraq.

Johnston, Daniel, International Petroleum Fiscal Systems and Production Sharing Contracts. USA: PennWell Publishing Company, 1994.

Seba, Richard, Economics of Worldwide Petroleum Production. USA: OGCI and PetroSkills Publications, 2003.

Ministry of Oil, Annual Report of the Inspector General Office (2012), Iraq, 2012.

Ministry of Oil, Internal Reports, Iraq

Ministry of Oil, internal instructions and reports, Iraq, 2018.

IEA, Iraq Energy Outlook. Special Report. France. pp.37, 2012.

Ahmad Abrihi Al-Ali, Financial aspects in oil service contracts and operations management, Baghdad, 2011.

MoO, Symposium for the announcement of new investment refineries, Iraq. MoO website, 2017-2020, https://oil.gov.iq/, 2010.

Ministry of Oil, Basrah Gas Company, Key Indicators, Internal Report, Iraq, 2011.

Seba, Richard, Economics of Worldwide Petroleum Production, USA: OGCI and PetroSkills Publications, 2003.

T. Pierre, Prices, Revenues, and Oil Contracts in the Arab Countries and Iran Translated into Arabic by Victor Sahab, Lebanon, 1982.

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Published

2022-06-21

How to Cite

(1)
Fahad, A. Y. .; Shaalan, H. Y. . Investment Trends in the Iraqi Oil Sector (Upstream – Oil Refining – Gas Treatment - Transportation - Distribution) (2003 – 2020). Journal of Petroleum Research and Studies 2022, 12, 123-147.

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Section

Articles