ECONOMIC COOPERATION BETWEEN IRAQ AND ITALY IN THE OIL FIELD (1963-1972 AD)

Abstract

This research came to shed light on the economic cooperation between Iraq and Italy in the oil field during the year 1963-1979 and its impact on the progress of the development of relations between the two countries, since oil is an important factor in drawing up the bilateral relations between the two countries, as the oil dealings between the two countries at its inception during that period is not limited to being a factor Despite the fact that Italy had only a few stakes in some of Iraq's oil wells due to the global monopolistic companies' control over Iraq's oil, and after the establishment of the Iraqi National Oil Company and its control over Iraq's oil, Italy seriously sought to obtain oil concessions in Iraq through its most prominent company represented by Eni. But the difficulties it faced from the monopolistic companies and the Iraqi National Oil Company's refusal of the offer prevented that, but after that it wanted to stay away from investing in Iraq, but the circumstances that Italy went through made it return to search for cooperation with Iraq in the oil field, but not to obtain a concession only this time, but Purchasing crude oil in return for providing services and industrial cooperation to the Iraqi side. Italy had a positive attitude towards the nationalization of Iraqi oil in 1972.