Analysis of the impact of foreign direct investment in the oil sector on economic growth in Iraq For the period 2000-2015

Kwan Taha Al-Obeidi, M.

	Analysis of the impact of foreign direct investment in the oil sector on economic growth in Iraq For the period 2000-2015
Journal of Administration and Economics
Article 1, Volume 0, Issue 111, 2018, Pages 28-45
Author
M. Kwan Taha al-Obeidi
Abstract
The objective of the research in analyzing the impact of foreign direct investment in the oil sector in economic growth, according to maximize revenue by increasing the production rate with a guarantee of optimal utilization of national oil wealth. Iraq is directed to produce the amount of 12 million barrels a day, according to decades of investment licenses for oil wells and private detections (producing and non-producing), this is what will make Iraq a choice, represent the first ,retaining a large throughput cards Off, due to the lack of lines of export adapted to the production, and this will have a significant financial requirements for investment companies, while the second, it was the bypass OPEC oil production determinants and flood the market with Iraqi oil outside the budget, which will inevitably affect the low As aralinvt, and both options will be the target of investment for companies that are considered the only gainer from these contracts -The research found that the impact of licenses to foreign oil companies decades of economic growth were not economically viable and socially, it was found from the analysis of the effects of these contracts, they were not only control of the national oil wealth by those companies, which was passed to them under those contracts decision-making process the control and management of operations for the development and operation of the oil industry in all its phases and all oil producing fields and undeveloped and undiscovered, and in all the Iraqi lands and without any witnesses, which made foreign direct investment of the oil wealth in the cause -: Existing national oil production completely, especially the giant fields contain, making Iraq is losing huge amounts of money -.Contain the experiences of all employees of the North Oil Company and the Southern Oil Company who will enroll them in the new companies (FODS) for the period (20-25 years), and including the new companies will have administrative and financial independence, it would be very difficult these workers return to their original positions ( operation) at the end of the decade.
Keywords
Department of Accounting

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