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Rebuilding Iraq

Rebuilding Iraq PDF Author: United States. General Accounting Office
Publisher: Nova Publishers
ISBN: 9781604564341
Category : Business & Economics
Languages : en
Pages : 80

Book Description
While billions have been provided to rebuild Iraq's oil and electricity sectors, Iraq's future needs are significant and sources of funding uncertain. For fiscal years 2003 through 2006, the United States made available about $7.4 billion and spent about $5.1 billion to rebuild the oil and electricity sectors. The United States spent an additional $3.8 billion in Iraqi funds on the two sectors, primarily on oil and electricity sector contracts administered by U.S. agencies. However, according to various estimates and officials, Iraq will need billions of additional dollars to rebuild, maintain, and secure Iraq's oil and electricity sectors. The Ministry of Electricity estimates that about $27 billion will be needed to meet the sector's future rebuilding requirements; a comparable estimate has not been developed by the Ministry of Oil. Since the majority (about 70 percent) of U.S. funds has been spent, the Iraqi government and the international donor community represent important sources of potential funding. However, prospects of such funding are uncertain. First, the Oil and Electricity Ministries have encountered difficulties spending capital improvement budgets because of weaknesses in budgeting, procurement, and financial management. As of November 2006, the Ministry of Oil had spent less than 3 percent of its $3.5 billion 2006 capital budget to improve Iraq's oil facilities. Second, Iraq has not made full use of potential international contributions and it is unclear what additional financial commitments, if any, will be provided to Iraq's oil and electricity sectors as part of a new international compact (agreement), according to U.S. officials. As of March 2007, donors had committed $580 million in grants for the electricity sector and had offered loans for oil and electricity projects; however, Iraq has not accessed these loans in part due to concerns about its high debt burden.

Iraq's energy sector

Iraq's energy sector PDF Author:
Publisher:
ISBN: 9789264489721
Category :
Languages : en
Pages :

Book Description


Rebuilding Iraq

Rebuilding Iraq PDF Author: United States. General Accounting Office
Publisher: Nova Publishers
ISBN: 9781604564341
Category : Business & Economics
Languages : en
Pages : 80

Book Description
While billions have been provided to rebuild Iraq's oil and electricity sectors, Iraq's future needs are significant and sources of funding uncertain. For fiscal years 2003 through 2006, the United States made available about $7.4 billion and spent about $5.1 billion to rebuild the oil and electricity sectors. The United States spent an additional $3.8 billion in Iraqi funds on the two sectors, primarily on oil and electricity sector contracts administered by U.S. agencies. However, according to various estimates and officials, Iraq will need billions of additional dollars to rebuild, maintain, and secure Iraq's oil and electricity sectors. The Ministry of Electricity estimates that about $27 billion will be needed to meet the sector's future rebuilding requirements; a comparable estimate has not been developed by the Ministry of Oil. Since the majority (about 70 percent) of U.S. funds has been spent, the Iraqi government and the international donor community represent important sources of potential funding. However, prospects of such funding are uncertain. First, the Oil and Electricity Ministries have encountered difficulties spending capital improvement budgets because of weaknesses in budgeting, procurement, and financial management. As of November 2006, the Ministry of Oil had spent less than 3 percent of its $3.5 billion 2006 capital budget to improve Iraq's oil facilities. Second, Iraq has not made full use of potential international contributions and it is unclear what additional financial commitments, if any, will be provided to Iraq's oil and electricity sectors as part of a new international compact (agreement), according to U.S. officials. As of March 2007, donors had committed $580 million in grants for the electricity sector and had offered loans for oil and electricity projects; however, Iraq has not accessed these loans in part due to concerns about its high debt burden.

Iraq

Iraq PDF Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
ISBN: 1513521926
Category : Business & Economics
Languages : en
Pages : 31

Book Description
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.

Iraq

Iraq PDF Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
ISBN: 151356269X
Category : Business & Economics
Languages : en
Pages : 31

Book Description
Iraq: Selected Issues

Iraq

Iraq PDF Author: Christopher M. Blanchard
Publisher: DIANE Publishing
ISBN: 1437922066
Category : Technology & Engineering
Languages : en
Pages : 33

Book Description
Development in Iraq¿s oil and natural gas sector is proceeding, in spite of continuing delays in agreeing to hydrocarbon sector and revenue sharing legislation to define new terms for the mgmt. of the country¿s significant oil and natural gas resources. Both the Bush Admin. and the 110th Congress considered the passage of oil and gas sector framework and revenue sharing legislation as important benchmarks that would indicate the Iraqi government¿s commitment to promoting political reconciliation and providing a solid foundation for long term economic development in Iraq. This report reviews policy proposals and interim contracts, analyzes the positions of various Iraqi political actors, and discusses potential implications for U.S. foreign policy goals in Iraq. Illus.

Geopolitics and Energy in Iraq

Geopolitics and Energy in Iraq PDF Author: Robert E. Ebel
Publisher: CSIS
ISBN: 0892066032
Category : Elections
Languages : en
Pages : 66

Book Description
Part of this paper addresses the issue of the March 7, 2010 national election; the selection of a prime minister; and whether the promise held by the election will be fulfilled. If not, will the country return to the sectarianism conflicts that characterized its past/ Senior Iraqi officials fear that the troop drawdown could well result in a power vacuum to be filled by insurgents. The report also addresses the issue of the Iraq oil and gas sector, including security of the critical infrastructure, the role that sector has played over the years, its current position, and the prospects held for achieving a place in the world oil market commensurate with its reserves in the ground. Iraq continues to be the great unknown in terms of future world oil supply and is likely to remain so for the near term at least, if not longer should political constraints remain. The report concludes with a look at the electricity sector and the general public unhappiness with inadequate supplies.

Iraqi Politics and Implications for Oil and Energy

Iraqi Politics and Implications for Oil and Energy PDF Author: Meghan, Meghan O'Sullivan, D.Phil.
Publisher:
ISBN: 9781477659618
Category :
Languages : en
Pages : 30

Book Description
This study examines how Iraq's oil and natural gas policies and domestic political developments will impact global energy markets. The Baker Institute investigates the implications for U.S. and Japanese energy security and global geopolitics and also considers potential areas for U.S. and Japanese cooperation on Iraq policy. Attention is given to how trends in Iraq's policies will affect U.S.-Iraqi relations and the level of involvement of the U.S. and other international oil industry in Iraq's domestic oil and gas sector, including in the development of export oriented infrastructure and strategies. The impact of internal political and geological trends in Iraq on international oil markets in the coming decades is examined, including details of Iraq's oil export strategies and plans for export infrastructure development. Researchers assess Iraq's long term goals inside OPEC and how its ambitions might influence OPEC policies in the longer term. Discussion includes analysis of how Iraq's export ambitions will influence its relations with Iran and with the major oil producing countries of the Gulf Cooperation Council (GCC).

Iraq and the Politics of Oil

Iraq and the Politics of Oil PDF Author: Gary Vogler
Publisher: University Press of Kansas
ISBN: 0700625062
Category : History
Languages : en
Pages : 328

Book Description
Was the Iraq war really about oil? As a senior oil advisor for the Office for Reconstruction and Humanitarian Assistance (ORHA) and briefly as minister of oil, Gary Vogler thought he knew. But while doing research for a book about his experience in Iraq, Vogler discovered that what he knew was not the whole story—or even the true story. The Iraq war did have an oil agenda underlying it, one that Vogler had previously denied. This book is his attempt to set the record straight. Iraq and the Politics of Oil is a fascinating behind-the-scenes account of the role of the US government in the Iraqi oil sector since 2003. Vogler describes the prewar oil planning and the important decisions made during hostilities to get Iraqi oil flowing several months ahead of schedule. He reveals how, amid the instability of 2006 (largely fueled by the arrogance of early US decisions), the fixing of the Bayji Refinery contributed significantly to the success of the oil sector in the Sunni part of northern Iraq during and after the surge. Vogler gives us an expert insider’s view of the largest oilfield auctions in the history of the international oil industry, and his account shows how US Forces’ focus on a single Iraqi point of failure in 2007 was a primary factor in the record productions and exports of 2012 through 2017. But under the successes so deftly chronicled here, a darker political narrative finally emerges, one that reaches back to the decision to go to war with Iraq. Uncovering it, Vogler revises our understanding of what we were doing in Iraq, even as he gives us a critical, close-up view of that fraught enterprise.

World Energy Outlook 2019

World Energy Outlook 2019 PDF Author: International Energy Agency
Publisher:
ISBN: 9789264523272
Category :
Languages : en
Pages : 807

Book Description
The World Energy Outlook series is a leading source of strategic insight on the future of energy and energy-related emissions, providing detailed scenarios that map out the consequences of different energy policy and investment choices. This year's edition updates the outlooks for all fuels, technologies and regions, based on the latest market data, policy initiatives and cost trends. In addition, the 2019 report tackles some key questions in depth: (i) What do the shale revolution, the rise of liquefied natural gas, the falling costs of renewables and the spread of digital technologies mean for tomorrow's energy supply?; (ii) How can the world get on a pathway to meet global climate targets and other sustainable energy goals?; (iii) What are the energy choices that will shape Africa's future, and how might the rise of the African consumer affect global trends?; (iv) How large a role could offshore wind play in the transformation of the energy sector?; (v) Could the world's gas grids one day deliver low-carbon energy?

Iraq

Iraq PDF Author: International Monetary
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 26

Book Description
Iraq: Selected Issues