Watching Government:Iraq consensus

Just as multinationals anticipated, it could be years before Iraq holds serious promise for oil companies."The Shia uprising in Iraq, and an ugly bout of kidnappings of foreign workers there, surely makes the June power transfer more difficult and the investment case in Iraq's upstream impossible for now," noted Deutsche Bank AG analysts in a Apr. 20 note to clients.Indeed, Iraq now is a scary place for oil contractors and military personnel, who against long odds largely have succeeded in repairing war-related damage to the current infrastructure.But looking ahead, there are encouraging signs the US and the United Nations together may put the country on the road to stability in month...

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