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February 3, 2005

Iraq
IRAQ: Oil

This publication is now archived. How much oil does Iraq have?Iraq has 112.5 billion barrels of proven oil reserves, or about 10 percent of the world’s known remaining oil--making it a distant second…

March 9, 2022

Oil and Petroleum Products
OPEC in a Changing World

Western leaders have long criticized OPEC’s power to raise oil prices, and the bloc continues to influence the global market even as U.S. oil production has soared and alternative energies have come …

OPEC

October 10, 2005

Nigeria
The Pernicious Effects of Oil

This publication is now archived. IntroductionGiven the tight supply and surging demand of the world oil market, small countries that produce oil can have a major impact on global markets. This is in…

February 22, 2008

Iraq
Why Iraqis Cannot Agree on an Oil Law

The division of Iraq’s oil wealth is an important obstacle to a power-sharing deal. At issue is whether revenues should be regionally or centrally controlled.

October 28, 2005

Iraq
IRAQ: Oil for Food Scandal

This publication is now archived. What is the controversy over the U.N. Oil-for-Food Program?The UN Security Council started the Oil-for-Food program in 1996 to allow Iraq to sell enough oil to pay f…