The institute has been registered as a non-profit organization in London, where it will be headquartered, with further offices in both Baghdad and Dubai.
The main objective of Iraq Energy is to positively contribute to the discourse on Iraqi energy policy in a non-political manner and at a professional level, in order to produce actionable policy recommendations for the optimum development of Iraq’s energy sector. The institute plans to be a reliable source of information and research on all Iraq energy issues, for both policy-makers and companies, and to better educate the wider audience interested in the development of Iraq’s energy sector.
“Good petroleum and energy policies and practices will be critical for the health of the Iraqi economy and the prosperity of the people of Iraq,” said Mr. Ali Allawi, Chairman of the founding Board of Trustees of Iraq Energy and formerly Iraqi Minister of Trade, Minister of Defence and Minister of Finance, all since 2003.
“The goal of Iraq Energy is to add a professional and objective perspective as an independent policy institute, by producing timely reports and studies, sponsoring conferences and seminars, and hosting industry, government and academic experts. Iraq Energy will be an independent source of policy recommendations that will add real value to Iraq and its economy,”
The members of the institute’s founding Board of Trustees are all Iraqi, and include senior former politicians and diplomats as well academics and public and private sector industry professionals. In addition, Iraq Energy benefits from an Advisory Board as an additional resource of advice and knowledge, and will be run by a full-time staff led by an Executive Director of the institute.
Iraq Energy funds will be generated from gifts and private donations, multilateral organizations, sponsorships from international companies and membership and subscriptions. The annual report of the institute will include a fully transparent financial statement of all income sources in a detailed manner.
The inaugural meeting of the Board of Trustees focused on the institute’s plans and objectives for the short-term and the long-term, as per the agreed Charter, including plans for the first annual conference by the institute, to be held at a Middle East location later this year. The meeting was followed by a dinner attended by guests and representatives of the international and Iraqi media.
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