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The Impact of Oil Licensing Rounds in Correcting the Structural Imbalances of the Iraqi Economy for the Period 2010-2020

    Authors

    • Prof. Dr. Adeeb Qassem Shendi
    • Alia Suhail Najm
,

Document Type : Research Paper

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Abstract

 The debate is raging about the objective evaluation process of the licensing rounds contracts and their impact on contributing to correcting the imbalances in the Iraqi economy, as many opinions have been raised, some of which were in favor and defense, or rejection and criticism of those contracts. Between these two cases, another opinion emerged, which sees the necessity of continuing the negotiation process with foreign companies, and making amendments by investing one of the paragraphs of those contracts that allows amendments to the contracts by agreement of both parties in a way that serves the interest of the Iraqi economy in correcting the structural imbalances at the level of production, the general budget, and the structure of foreign trade.
The research aims to show the size of the financial losses incurred by the Iraqi economy during the period of the oil licensing rounds contracts.
The research is based on the hypothesis that the licensing rounds did not have a real impact in addressing the imbalances in the Iraqi economy.
The most important conclusions reached by the research are the validity of the research hypothesis that the licensing rounds did not have a real impact in addressing the imbalances in the Iraqi economy, but rather incurred financial losses amounting to 36,336,329.701 billion dollars for the period (2010-2020) and were estimated in the future to reach 91,879,389.701 in 2030.
policy led by an independent national vision and economic policies that work to define it clearly and must be guided by it in investing oil resources and mainly targeting increasing economic growth and employment.

Keywords

  • financial losses
  • crude oil
  • Iraqi economy
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Alkut university college journal
Volume 2024, عدد خاص لبحوث المؤتمر العلمي السابع للعلوم الادارية والاقتصادية - 2-3 تموز 2024 المقام في كلية الكوت الجامعة تحت شعار "التنمية المستدامة والتحول الرقمي في خدمة الاقتصاد العراقي"
September 2024
Page 277-291
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APA

Shendi, P. D. A. Q. and Najm, A. S. (2024). The Impact of Oil Licensing Rounds in Correcting the Structural Imbalances of the Iraqi Economy for the Period 2010-2020. Alkut university college journal, 2024(عدد خاص لبحوث المؤتمر العلمي السابع للعلوم الادارية والاقتصادية - 2-3 تموز 2024 المقام في كلية الكوت الجامعة تحت شعار "التنمية المستدامة والتحول الرقمي في خدمة الاقتصاد العراقي"), 277-291.

MLA

Shendi, P. D. A. Q. , and Najm, A. S. . "The Impact of Oil Licensing Rounds in Correcting the Structural Imbalances of the Iraqi Economy for the Period 2010-2020", Alkut university college journal, 2024, عدد خاص لبحوث المؤتمر العلمي السابع للعلوم الادارية والاقتصادية - 2-3 تموز 2024 المقام في كلية الكوت الجامعة تحت شعار "التنمية المستدامة والتحول الرقمي في خدمة الاقتصاد العراقي", 2024, 277-291.

HARVARD

Shendi, P. D. A. Q., Najm, A. S. (2024). 'The Impact of Oil Licensing Rounds in Correcting the Structural Imbalances of the Iraqi Economy for the Period 2010-2020', Alkut university college journal, 2024(عدد خاص لبحوث المؤتمر العلمي السابع للعلوم الادارية والاقتصادية - 2-3 تموز 2024 المقام في كلية الكوت الجامعة تحت شعار "التنمية المستدامة والتحول الرقمي في خدمة الاقتصاد العراقي"), pp. 277-291.

CHICAGO

P. D. A. Q. Shendi and A. S. Najm, "The Impact of Oil Licensing Rounds in Correcting the Structural Imbalances of the Iraqi Economy for the Period 2010-2020," Alkut university college journal, 2024 عدد خاص لبحوث المؤتمر العلمي السابع للعلوم الادارية والاقتصادية - 2-3 تموز 2024 المقام في كلية الكوت الجامعة تحت شعار "التنمية المستدامة والتحول الرقمي في خدمة الاقتصاد العراقي" (2024): 277-291,

VANCOUVER

Shendi, P. D. A. Q., Najm, A. S. The Impact of Oil Licensing Rounds in Correcting the Structural Imbalances of the Iraqi Economy for the Period 2010-2020. Alkut university college journal, 2024; 2024(عدد خاص لبحوث المؤتمر العلمي السابع للعلوم الادارية والاقتصادية - 2-3 تموز 2024 المقام في كلية الكوت الجامعة تحت شعار "التنمية المستدامة والتحول الرقمي في خدمة الاقتصاد العراقي"): 277-291.

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