Iraq: Selected Issues

August 18, 2015

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Format: Chicago

Iraq: Selected Issues, (USA: International Monetary Fund, 2015) accessed September 18, 2024

Summary

This Selected Issues paper focuses on the Iraqi oil sector and analyzes the developments and prospects after the twin shock. The Iraqi economy was affected by the two major challenges during 2014—ISIS insurgency and the fall in global oil prices. Iraq’s oil sector has performed well despite the security challenges that emerged after the onset of the ISIS insurgency in June 2014. On average, Iraq earned $97 per barrel on oil exported in 2014. Asia remained the leading destination of the Iraqi oil exports during 2013–14, and its share increased from 50 percent in 2012 to 65 percent in 2014.

Subject: Commodities, Electricity, International trade, Oil, Oil exports, Oil prices, Oil production, Prices, Production

Keywords: Baiji refinery, Cost, CR, Electricity, Food subsidy, Global, Government, Government cash transfer handout, Government sector, Intra-government debt, ISCR, ISIS, ISIS insurgency, Middle East, Oil, Oil exports, Oil price, Oil prices, Oil production, Price, Purchase price, Sector expansion plan, Subsidy

Publication Details

Pages:

31
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/236
Stock No:

1IRQEA2015002
ISBN:

9781513521923
ISSN:

1934-7685

Notes

Also available in Arabic

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