Oil Revenue Distribution Issues in Iraq

By Ahmed Mousa Jiyad.

Oil Export Revenue Distribution Issues in Iraq

This is part two of a research work commissioned by the Natural Resource Governance Institute-NRGI (USA) as part of the preparation for NRGI’s strategic plan for interlinked and complementary interventions in Iraq during the upcoming three years.

The Executive Summary of the study was posted on this IBN website and accessible through the following link:

https://www.iraq-businessnews.com/2015/05/26/expert-blog-iraqi-extractive-industry/

... and Part One was posted on the same IBN website and accessible through the following link:

https://www.iraq-businessnews.com/2015/06/09/framework-governing-extractive-industries-in-iraq/

The remaining parts will be posted on this website at two weeks intervals.

The purpose of this part is to address the following three questions:

  1. Does the government invest revenues to achieve optimal and equitable outcomes, for current and future generations?
  2. Does government invest savings in assets to earn the highest expected social returns over the long-term, and to avoid domestic inflation?
  3. Does government balance local and regional demands for revenue distribution with the needs of the entire country?

Please click below to read Ahmed Mousa Jiyad's report:

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

Mr Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies (CGES), London. He was formerly a senior economist with the Iraq National Oil Company and Iraq’s Ministry of Oil, Chief Expert for the Council of Ministers, Director at the Ministry of Trade, and International Specialist with UN organizations in Uganda, Sudan and Jordan. He is now based in Norway (Email: mou-jiya@online.no, Skype ID: Ahmed Mousa Jiyad).

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