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Iraq :, Selected Issues

This Selected Issues paper on Iraq discusses medium-term projections for oil production and exports. Constraints to oil export volumes arise from export bottlenecks and technical production issues. Production is held back by technical challenges such as the need for water injection in the southern oil fields and limited supply of electricity, of which the oil industry is one of the main consumers. Export infrastructure has suffered during many years of decay owing to sanctions and wars. The Iraqi crude is priced as an average of a benchmark oil price for 15 or 30 days from the bill of lading
Table Of Contents
Cover; CONTENTS; OIL SECTOR DEVELOPMENTS; A. Introduction; B. Oil Production; C. Oil Exports; D. Supply to Domestic Refineries and Fuel Products; E. Medium-Term Projections for Oil Production and Exports; F. Role of Iraq in Global Oil Markets; References; FISCAL POLICY TOOLS FOR IRAQ; A. Introduction; B. Characteristics of a Fiscal Framework; C. Application of Permanent Income Hypothesis (PIH) and Modified Permanent Income Hypothesis (MPIH) Models to Assess Long-Term Fiscal Sustainability; D. Fiscal Rules; E. Building Fiscal Institutions; References; SOVEREIGN WEALTH FUND OPTIONS
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (29 p.)
Specific Material Designation
Form Of Item

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