There is often confusion and misunderstanding when analysts and journalists, especially among Kurdistan region observers, try to decipher how the region’s share of the federal budget is calculated. The budget itself is a public document. Being a law ratified by the Iraqi Parliament, it is published annually in the official gazette. However, the document contains a lot of summaries and nuances that are always subject to misunderstanding unless one has…
Tag: budget
Two Years On, Iraq Output Still Struggling
9 March 2005 Almost two years after the US-led war ousted the Baath regime, Iraq is still struggling to meet prewar production levels at its dilapidated oil fields. Iraq’s southern oil fields, which accounted for the majority of prewar production of 2.8 million barrels per day, are currently managing just 1.85 million b/d — and even this rate is causing great distress to reservoirs, Iraq’s interim Oil Minister Thamer al-Ghadban…
Iraq’s New Oil Manager Spells Out Plans
6 May 2003 The new chief executive of the Iraqi oil sector, Thamer al-Ghadban, issued instructions to his staff Sunday to draw up an accelerated plan setting oil production targets for an interim period of several months. In an interview with International Oil Daily, the first since the Saturday announcement of his appointment by the US-led Office of Reconstruction and Humanitarian Assistance (ORHA) as chief executive of the interim management…