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Iraq Country Analysis Brief (updated December 2005)
Energy Information Administration ^ | Dec 2005

Posted on 12/28/2005 3:02:17 AM PST by Wiz

Iraq now finds itself in a period of uncertainty and transition after more than three decades of Ba'ath party rule. Following the end of Saddam Hussein's rule in the spring of 2003, Iraq was governed for a year by the "Coalition Provisional Authority (CPA)" led by the United States and the United Kingdom. On June 28, 2004, the CPA transferred power to a sovereign Iraqi interim government, with national elections held on January 30, 2005. On May 3, 2005, the new transitional government was sworn in, with Ibrahim Jaafari as Prime Minister. A constitutional referendum was held in October 2005, with the constitution being approved overwhelmingly. Elections for a permanent government were held in mid-December 2005. The constitution (articles 108-111) addressed the control and distribution of oil resources in general terms, but many details (e.g., exactly how oil revenues will be distributed) were not spelled out exactly. Another question that remains outstanding is whether or not Iraq will form a new Iraqi National Oil Company (INOC).

Although Iraq's unemployment rate remains high (27-40 percent), the overall Iraqi economy appears to be recovering after more than a decade of economic stagnation, sanctions, and war. However, it is important to note that estimates of economic growth vary widely. For instance, Iraqi real GDP growth is estimated by Global Insight at 34 percent growth for 2005 and 22 percent for 2006. In contrast, the International Monetary Fund (IMF) recently lowered its Iraq GDP growth forecast to just 3.7 percent, citing “the continuing sabotage of oil installations,” with forecast growth of 17 percent for 2006.

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TOPICS: Business/Economy; Foreign Affairs; Government; News/Current Events; War on Terror
KEYWORDS: aftermathanalysis; iraq; oif

Unemployment rate improved from 50%-60% before war levels to 27%-40%.

Oil production:
Oil production rate has recovered back to 1.9m-2.2m bbl/d, 85% of pre-war level (2.58mbbl/d as of Jan 2003). Attacks on oil infrastructure declined since the last few months of 2004, 24 attacks as the peak, and around 6 in October 2005. This is not from IAGS, but I have found so far 3 reports of attacks on oil infrastructures in December 2005 (until 2005 Dec 27). Check out IAGS Iraq Pipeline Watch for attacks on oil infrastructures until 2005 Oct 31 (not updated since).

Electricty production is better than pre-war level (3300mW-4400mW), currently near 6000mW but below it. Department of Energy predicts it will reach 6000mW at the end of the year or the beginning of 2006. While electricity production is slowly increasing, it is still below the demands.

Don't forget to check out other portions from the background page, from the menu on the right. This should give you a clear vision about Iraq's infrastructure today.

1 posted on 12/28/2005 3:02:18 AM PST by Wiz
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To: Allegra; Becki; Cap Huff; Coop; Dog; Deetes; Gucho; iso; jmc1969; mickie; pissant; ravingnutter; ...


2 posted on 12/28/2005 3:04:23 AM PST by Wiz
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