The Economic effects of Oil Investments (Case of Kurdistan Region and Iraq)

Abstract

         This research deals with the area of influence of the oil sector investments on the economic situation in the Kurdistan Region in particular and Iraq in general. Where the oil is economically the main source of imports in the region, Iraq, and shows the importance of this sector during periods of low and high oil prices that have a direct impact on all economic sectors of the country. We have tried through this research to make clear the importance of the size of investments in the oil sector, particularly with respect to the analysis of contracts and agreements concluded in this field with international companies exhibiting flaws and economic feasibility of such contracts. We have tried to provide some recommendations and suggestions for decision-makers on the basis of these analyzes and a review of published data from the institutions, which oversees the administration of the sector on how to develop the investment sector, as well as drawing a map road to solve the economic problems facing the country by following the application of efficient management of these natural resources revenues.