Via Foreign Policy, an interesting look at how – in Iraq’s turbulent politics – whoever controls the oil production wields the power. And that might soon be ExxonMobil. As the article notes: “…On Dec. 17, two days after the U.S. military cased its colors and formally ended its mission in Iraq, the brain trust of […]
Read more »Via The Financial Times, an interesting article on investment opportunities in Iraq: “…Mohammed al-Hashemi remembers how excited his mother was when she bought shares in the Baghdad Softdrinks Company 27 years ago. Najat al-Kadi was one of a select group of Iraqis keen to participate in the country’s privatisation programme during the mid-1980s, which saw […]
Read more »Via The Globe and Mail, an update on Iraq – a market of rising potential and new-found stability in a place where one might least expect it. As the article notes: “…The Iraq Stock Exchange (ISX), launched seven years ago but until recently a stagnant backwater of an equity market, is up 30 per cent […]
Read more »Courtesy of The Boston Globe, an article on the performance of Iraqi bonds. As the report notes: “…Some count the kidnappings. Others count the suicide bombs. Still others count the deaths of US soldiers. But, in the saga of Iraq’s slow struggle toward normalcy, Robert Smith keeps track of something far more obscure: the price […]
Read more »Via Tom’s Dispatch.com, Michael Klare’s interesting look at whether Iraq will simply become a new petro-state servicing the global economy: “…Iraq is, of course, one of the world’s great hydrocarbon preserves. According to oil giant BP, it harbors proven oil reserves of 115 billion barrels — more than any country except Saudi Arabia (with 264 […]
Read more »Via The New York Times, an interesting article on China’s keen interest in Iraqi petroleum opportunities. As the report notes: “…Chinese oil companies are expected to bid for the rights to develop Iraq’s oil fields in auctions that are set to start Tuesday, although Sinopec, the China National Petroleum Corporation and the China National Offshore […]
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