In the wings

Few analysts dispute Iraq's powerful allure as a long-term investment opportunity. But the actual payout may take several years, if not a decade or longer after US-led military action ends.In the shorter term, Libya is a promising interim prospect, given that relations with the US may be improving.Earlier this month Libya reached a tentative agreement with the US and the UK to accept civil responsibility for the 1988 bombing of Pan Am Flight 103 over Lockerbie, Scotland, and to pay the families of the 270 victims $5-10 million each, depending on how fast the US and the United Nations lift commercial sanctions (OGJ, Mar. 17, 2003, p. 33).No timetable Department of State officials are n...

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