Iraq’s E&D Future —2 Impediments abound to exploiting Iraq’s vast petroleum resource

01/26/2009
The traditional go-slow approach of the Iraq Petroleum Co. and its associated companies, its ability to shift exploration and production to where it best served its interests and to strengthen its negotiating power; as well as Iraq’s politically-driven, confrontational oil policy, unnecessary and destructive wars, and years of sanctions, have proven to be serious impediments to the development of Iraq’s oil industry.Today, there are further serious obstacles that limit the Iraqi government’s ability to govern effectively and to promote cooperative and coordinated policies by the different components within any ministry or between ministries. These involve failed state im...
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