The department was established within the departments of the college of Arts in 1965, and then transferred to the college of Administration and Economics upon its establishment in (1971 _ 1972), where (50) batches graduated from BA in economic sciences. While the postgraduate studies was opened in the academic year (1982-1983) when (6) students were accepted in the first batch to study master’s degree in the department, and doctoral study in the academic year (1986-1987) and it was accepted (2) in the first batch. The study of the higher diploma _Specialization in Energy economics was introduced for the academic year (2012-2013) and in the (2014-2015) academic year three branches were opened the student specializes in studying from the third stage:                           
1. General Economics Branch
2. Strategic Planning Branch
3. Oil Economics Branch
4. Transportation Branch for the academic year (2016-2017)