Iraq Selected Issues

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 secu...

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Bibliographic Details
Corporate Author: International Monetary Fund Middle East and Central Asia Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2015
Series:IMF Staff Country Reports
Subjects:
Oil
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Iraq  |b Selected Issues 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2015 
300 |a 31 pages 
651 4 |a Iraq 
653 |a Energy: Demand and Supply 
653 |a Oil prices 
653 |a Tariff 
653 |a Oil exports 
653 |a Industries: Energy 
653 |a Public finance & taxation 
653 |a Oil 
653 |a Investments: Energy 
653 |a Production 
653 |a Electricity 
653 |a Trade: General 
653 |a Exports and Imports 
653 |a International economics 
653 |a Petroleum industry and trade 
653 |a Macroeconomics: Production 
653 |a Commodities 
653 |a Energy: General 
653 |a International trade 
653 |a Exports 
653 |a Prices 
653 |a Macroeconomics 
653 |a Electric Utilities 
653 |a Oil production 
653 |a Investment & securities 
653 |a Taxation 
653 |a Petroleum, oil & gas industries 
653 |a Electric utilities 
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520 |a 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