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The Situation Of Iraqi Oil Industry And Its Prospects

Author

Listed:
  • Al Dulaimi Haidar Ali

    () (University of Al-Qadisiya, College of Economic & Administration, Iraq)

Abstract

Iraq is a major oil producer and exporter (the second one after Saudi Arabia), member of OPEC and was able to reform its oil sector and to gradually pass to a market economy system, by restructuring and privatizing its oil production, processing and distribution. Some medium term and long term priorities set for economic development are presented in the article and also investment and business opportunities existing for domestic and foreign investors.

Suggested Citation

  • Al Dulaimi Haidar Ali, 2013. "The Situation Of Iraqi Oil Industry And Its Prospects," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 1(2), pages 62-71, November.
  • Handle: RePEc:ntu:ntugeo:vol1-iss2-13-062
    as

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    File URL: http://www.globeco.ro/wp-content/uploads/vol/split/vol_1_no_2/geo_2013_vol1_no2_art_007.pdf
    File Function: First version, 2013
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    More about this item

    Keywords

    oil; gas; production; diversification; strategy; priorities;

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development

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