Iraqi oil policy: present and future perspectives

In any meaningful discussion of the Iraqi oil industry and future policy options, three issues need to be addressed.First, Iraq has huge oil potential that still needs to be developed.Second, the domestic politics, wars, and economic setbacks of the past few decades have left their imprint on the oil industry with the inescapable conclusion that one has to deal first with the ramifications of these issues before embarking on the development of a new and revitalized oil sector.Third, a future Iraqi oil policy will necessarily reflect the political and economic conditions of the country in the next few years as well as political stability in the Middle East as a whole.Oil potentialIraq is o...

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