Interest in Iraq grows despite reconstruction uncertainty

Multinational oil companies and oil service firms expect the US Congress to play an increasing role in shaping the pace and scope of Iraq's oil sector reconstruction and eventual renaissance."This is something our members expect to happen," said James Burrows, executive director of the Washington, DC-based US-Iraq Business Alliance, in a telephone interview from Kuwait City. "Clearly the industry position needs to be heard and not always is."Burrows recently met with US provisional authority officials and members of the US-appointed Governing Council. Burrows said there is "strong interest" in his group from the oil industry, but declined to specify which companies have joined.For the...

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