PUBLICATION

Oil and Gas Investor

AUTHORS

Barnaby Fletcher, Lise Liezenga

Iraq Oil & Gas 2010 OGI Release

December 05, 2010

Seven years after regime change, and following 20 years of political and economic isolation, Iraq now is returning to the world economy. Sanctions in place since 1990 have left the economy tattered and almost exclusively dependent on an oil industry that is performing well below its potential. However, with democracy has come Iraq’s first real chance of fully capitalizing on the abundant hydrocarbon resources. After a 30-year period that has seen three wars and 13 years of economic sanctions, the development of a modern oil and gas industry that benefits foreign investors and Iraq itself is the nation’s ticket away from the recent trials and toward a prosperous future.

RELATED INTERVIEWS MORE INTERVIEWS

"The energy transition can only be funded by big oil, as they are the only players who can balance the low returns of renewables projects with their high earning fossil fuel projects."
Petromar speaks of the outlook for Angola’s oil and gas service industry for the next two years.
ENI updates GBR on the progress of its operations across Sub-Saharan Africa.
Grupo Videre looks at the massive LNG developments in Northern Mozambique from the perspective of a service company.

RECENT PUBLICATIONS

Mexico Chemicals 2025 CW Release

Mexico's chemical industry faces challenges in securing a reliable feedstock supply and maintaining global competitiveness. A shift towards sustainable energy and local production could provide long-term growth opportunities, and some sectors are booming, including Mexico's dynamic chemical distribution market.

MORE PREVIOUSLY PUBLISHED

MACIG

“Hemos optado por desarrollar nuestro propio software de control de calidad y procesamiento geofísico, ya que preferimos crear nuestras propias soluciones en lugar de depender de un software comercial.”

SUBSCRIBE TO OUR NEWSLETTER