Middle East Economic Survey

VOL. LII

No 30

27-Jul-2009

IRAQ

When The Dust Settles Iraqs Oil Will Flow

By Falah al-Khawaja

Mr Khawaja is an independent oil consultant, with 41 years experience in the Iraqi oil sector. He is based in 'Amman, Jordan (Email: falahalkhawaja@yahoo.com).

The First Licensing Round

On the last day of June 2009, Iraq held its first licensing round for the rehabilitation and upgrading of its major producing fields. The estimated reserves of the subject fields were about 40bn...