Middle East Economic Survey

VOL. XLVIII

No 27

4-July-2005

The Future Challenges And Prospects Of The Iraqi Oil Industry

By Ali Hussain

The following paper was delivered by Dr Hussain, Oil Consultant and former OPEC Officer, at the Iraqi Petroleum Conference 2005 in London on 30 June. [ahussain@emirates.net.ae]

Introduction

Iraq is considered one of the biggest oil producers and exporters in the world. However, since 1980 its oil industry has suffered significantly from wars, sanctions, negligence and...