The Future Financing of the Iraqi Oil Industry
1st Edition Year: 2004
Edition: First edition
AED5.00 – AED10.00
Iraq has enormous reserves of oil and gas, which can be exploited al very low cost. Iraq also has an experienced work force to support the reconstruction and development of its oil industry. However, due to very high international debt and the need to pay war compensations, Iraq may not be able to finance the development of its oil industry. The decision as to whether Iraq should welcome foreign investment in this industry is one that a new elected Iraqi government will have to take.