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The Developmental Role of Iraqi National Oil Companies

المصدر: مجلة القادسية للعلوم الإدارية والاقتصادية
الناشر: جامعة القادسية - كلية الادارة والاقتصاد
المؤلف الرئيسي: Almusawi, Abdulwahab Mohammed Jawad (Author)
مؤلفين آخرين: Al-Baaj, Hadeel Riyadh Kareem (Co-Author)
المجلد/العدد: مج25, ع3
محكمة: نعم
الدولة: العراق
التاريخ الميلادي: 2023
الصفحات: 140 - 151
ISSN: 1816-9171
رقم MD: 1437818
نوع المحتوى: بحوث ومقالات
اللغة: الإنجليزية
قواعد المعلومات: EcoLink
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المستخلص: Oil production operations in Iraq went through different eras, starting with the dominance of foreign companies to invest Iraqi oil in the 1920s, going through the process of nationalizing Iraqi oil in the early 1970s, and ending with a new policy adopted by the Iraqi government, represented by contracting with foreign companies to develop oil production, because this sector was exposed to a decline in its technical and material capabilities and the destruction of infrastructure as a result of the conditions of wars and sanctions imposed on Iraq before the year (2003)and it was concluded through the research that the oil extraction process in Iraq is characterized by being the cheapest compared to the costs of oil production in the world according to international standards, but that foreign oil companies have set very high extraction prices, as the cost of producing one barrel ranges between (3-6 dollars), similar to the fields that are characterized by the depth of their wells, and thus the total costs of extracting one barrel rose to (15-20) dollars, and thus it is necessary for the Iraqi Ministry of Oil to work on developing an integrated plan of action in partnership with foreign companies to rebuild the infrastructure of the oil sector, especially production and export, and try to gradually increase the treasury capacities in export warehouses, and work on technology transfer and training the national staffs in the national role, in addition to its role in monitoring the extent to which foreign oil companies adhere to the controls and conditions set in the contract, especially if the oil companies have a role in achieving sustainable development, and ensuring that part of their revenues are allocated to activities that lead to achieving sustainable development.

ISSN: 1816-9171