Middle East Economic Survey

VOL. LIII

No 5

1-Feb-2010

IRAQ

Notes On Pricing In The Heads Of Agreement On Natural Gas In Southern Iraq

By Ali Merza

Dr Merza has worked for the Iraqi Ministries of Oil and Planning and for the United Nations Department of Economic and Social Affairs (E-mail: akmerza@hotmail.com).

Introduction

The flaring of natural gas has been going on in Iraq for more than 70 years. In 2008, Iraq was classified as the fourth largest gas flaring country (after...