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The Situation Of Iraqi Oil Industry And Its Prospects


  • Al Dulaimi Haidar Ali

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


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

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    References listed on IDEAS

    1. Athey, Susan & Bagwell, Kyle, 2001. "Optimal Collusion with Private Information," RAND Journal of Economics, The RAND Corporation, vol. 32(3), pages 428-465, Autumn.
    2. Julio J. Rotemberg & Garth Saloner, 1989. "The Cyclical Behavior of Strategic Inventories," The Quarterly Journal of Economics, Oxford University Press, vol. 104(1), pages 73-97.
    3. Symeonidis, George, 2002. "Cartel stability with multiproduct firms," International Journal of Industrial Organization, Elsevier, vol. 20(3), pages 339-352, March.
    4. Bagwell, Kyle & Staiger, Robert W, 1997. "Multilateral Tariff Cooperation during the Formation of Free Trade Areas," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 38(2), pages 291-319, May.
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    More about this item


    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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