The Balance Sheet of the Recent IFG-KRG Oil Deal
By Ahmed Mousa Jiyad.
On 2 December the Council of Ministers-CoM website posted the decisions taken by the Cabinet including one approving the agreement concluded between the Iraqi Federal Government (IFG) and Kurdistan Regional Government (KRG).
Soon after its announcement and due to lack of transparency, an increasing sense of skepticism and growing opposition to the concluded agreement began to surface within Iraqi oil professionals, parliamentarians, politicians, economists, media and the general public.
Obviously, we are heading toward difficult debate inside the federal parliament on both this agreement and the state budget for 2015.
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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: email@example.com, Skype ID: Ahmed Mousa Jiyad).