Wood Mackenzie will be speaking at Iraq Petroleum 2020 on 21 October at 09:15 - 10:00. The full event takes place online on 20 - 21 October 2020, information can be found on the event website.
Spotlight on the Future Relationship between Kurdistan Region of Iraq & Federal Iraq Government
Presenters:
- Peter Martin, Principal Economist, Wood Mackenzie
- Alan Walker, Research Analyst, Middle East Upstream, Wood Mackenzie
- Niamh McBurney, Head of MENA Risk Insight, Verisk Maplecroft
- Ian Thom, Research Director, Middle East Upstream, Wood Mackenzie
The session will be an interactive debate for all delegates on how the oil and gas economics, domestic market priorities, and policy in Federal Iraq and Kurdistan Region of Iraq may evolve and shape the industry.
The debate will address the new fiscal reality in Iraq after the oil price crash and what it means for Baghdad and Erbil. It will touch on possible scenarios for negotiations between KRG and Baghdad in terms of revenue sharing and the oil and gas industry. It will highlight implications for assets, infrastructure, investment and trade as Iraq adapts to the weak macro-economic conditions.
Spotlight agenda:
With Iraq’s economy under growing pressure what is the role of oil revenue?
- Economic prospects in an oil slump and global recession
- Budget financing and debt
- Oil dependence and exposure to oil price
What does this mean for budgets, revenue sharing and cooperation between Baghdad and Erbil?
- Fiscal priorities
- Opportunities and challenges for cooperation
- Could gas trade be a win-win
You may also be interested in reading more about these topics:
Podcast: how Middle East, Russian and US upstream industry responses compare
Insight: after the crash - what's changed in Middle East upstream?
If you have any questions about this session please contact clare.cooper@woodmac.com.