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Academia Open
Published by Universitas Muhammadiyah Sidoarjo
ISSN : -     EISSN : 27147444     DOI : https://doi.org/10.21070/acopen
Core Subject : Economy, Humanities, Health, Science, Education, Agriculture, Art, Social,
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Academia Open is published by Universitas Muhammadiyah Sidoarjo published 2 (two) issues per year (June and December). This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge. This journal aims is to provide a place for academics and practitioners to publish original research and review articles. The articles basically contains any topics research or review. Academia Open is available in online version. Language used in this journal is Indonesia or English. Academia Open is an open access journal publishing scientifically accurate and valuable research across life, physical, social, and medical sciences.
Arjuna Subject : Umum - Umum
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Search results for , issue "Vol. 9 No. 1 (2024): June" : 1 Documents clear
Iraq's Oil Exports for 2023: Time Series Analysis: Ekspor Minyak Irak untuk tahun 2023: Analisis Deret Waktu Hasan, Mhfoudh Falih; Ali, Afnan Ahmed Abd; Kamil, Mayada Rashied
Academia Open Vol. 9 No. 1 (2024): June
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.9.2024.10378

Abstract

Crude oil is a vital energy source due to its high thermal energy output and lower cost compared to other energy sources. This study aimed to identify key variables influencing Iraq’s oil revenues through a descriptive and analytical examination of Iraq’s oil exports in 2023. Data showed monthly fluctuations in the average price and quantity of crude oil exported, with prices ranging from $71.485 to $91.353 per barrel, reflecting a 7.5% increase compared to the previous year. An inverse relationship was observed between oil prices and export volumes, where higher prices typically increased production and exports, while lower prices reduced them. The findings highlight Iraq's heavy reliance on oil exports, exposing its economy to risks from fluctuating oil prices, deteriorating infrastructure, environmental restrictions, and international regulations. The study concluded that diversifying the economy and addressing these challenges is crucial. It recommends improving infrastructure by modernizing ports, roads, railways, and oil facilities while enhancing security measures to support the oil sector and reduce vulnerabilities. Highlights: Crude oil drives Iraq's economy but risks dependency vulnerabilities. Oil prices fluctuated in 2023, impacting production and export levels. Modernize infrastructure and secure facilities to stabilize oil exports. Keywords: Iraq, Oil Exports, Time Series Analysis

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