Iraq Wants To Become Even More Oil Dependent To Develop Economy

  

At the start of July it was reported that Iraq wants to boost its oil production to increase its revenues before the global economy begins moving away from petroleum. Prime Minister Ali al-Zaidi said that he set a goal of 7 million barrels a day of output in three years. The premier also told the media that a 10 year economic plan is being created whose goal is reducing the budget’s reliance upon oil from 90% down to 45%. This isn’t much different from all the previous Iraqi PMs that have all spoken about dramatically increasing the oil industry to diversify the economy. The problem is Baghdad has never achieved any of these goals.

This Day In Iraqi History - Jul 9 Al Qaeda’s Zawahiri told Zarqawi should include more Iraqis in his group and warned against killing Iraqi civilians which could cost him support

 

1920 UK forces withdrew from Najaf turning over city to rebels who set up their own govt

(Musings On Iraq review Reclaiming Iraq, The 1920 Revolution and the Founding of the Modern State)

(Musings On Iraq review Enemy On The Euphrates, The Battle For Iraq 1914-1921)

This Day In Iraqi History - Jul 8 Saddam survived assassination attempt in Dujail Would destroy town 1500 people arrested 150 executed

 

1920 Rebels derailed 6 trains going from Diwaniya to Samawa to disrupt flow of British troops and

supplies

(Musings On Iraq review Reclaiming Iraq, The 1920 Revolution and the Founding of the Modern State)

(Musings On Iraq review Enemy On The Euphrates, The Battle For Iraq 1914-1921)

Iraq Put Back On Watch List By Intl Group For Money Laundering

  

In June 2026 the Financial Task Force put Iraq back on its grey list for countries involved in money laundering. The Task Force’s president Elisa de Anda Madrazo said that Baghdad needed to take urgent measures to cut the volume of cash based transactions, improve investigations, and more. Iraq was on the grey list before starting in 2018 but then taken off only to fall back.

This Day In Iraqi History - Jul 7 Iraq’s concealment comm decided to reveal nuke program to UN while secretly destroying its WMD Would prove long term problem because Iraq could never prove it got rid of its weapons

 

1921 American consul in Baghdad wrote that Faisal would become King of Iraq even though he

was unpopular in the country

This Day In Iraqi History - Jul 6 Saddam Hussein told Baath leadership he was going to invade Iran

 

1915 UK took Suq al-Shuyuk, Dhi Qar after defeating Turk-Arab forces outside town day

before

(Musings On Iraq review When God Made Hell, The British Invasion of Mesopotamia and the Creation of Iraq, 1914-1921)

This Day In Iraqi History - Jul 5 1920 Revolt leaders demanded full independence for Iraq

 

1915 British attacked Turk-Arab force outside Suq al-Shuyuk and defeated them

(Musings On Iraq review When God Made Hell, The British Invasion of Mesopotamia and the Creation of Iraq, 1914-1921)