Courtesy of The Wall Street Journal, an article on a recent Iranian delegation to Baghdad to explore ways to beat U.S. sanctions: Iranian officials traveled to Baghdad this week to push for expanded trade and energy ties as it tries to undercut U.S. efforts to weaken Iraq’s economic links to its neighbor. Iranian Foreign Minister Javad […]
Read more »Via Oil & Gas Daily, an article on Kurdistan’s economic challenges: The oil-rich Iraqi region of Kurdistan is struggling to rebuild its economy, a year after an ill-fated independence referendum that Baghdad deemed illegal. A massive yes vote in the September 2017 plebiscite provoked a furious backlash by the central government, turning a long-cherished dream […]
Read more »Via FDI, an interesting look at how the failed independence referendum and resignation of president Masoud Barzani have rocked the Kurdistan Region of Iraq and its investment potential: Seen until recently as the most investor-friendly destination in Iraq, the semi-autonomous Kurdistan Region of Iraq (KRI) is now at its weakest point since pre-2003 following a failed independence […]
Read more »Via Global Risk Insight, a look at oil and gas reserves in the autonomous Kurdish Region of Iraq: The development of oil and gas reserves in the autonomous Kurdish Region of Iraq (KRI) is a recent phenomenon which began after the 2003 U.S.-led invasion of Iraq. Despite the KRI’s significant energy potential, it was impossible […]
Read more »Courtesy of the Wall Street Journal, an interesting look at growing investment interest in Iraq: For years, Iraq has careened from crisis to crisis. Now, some foreign companies see opportunity as the turmoil appears to be subsiding. After disruptive anti-corruption protests earlier this year, a degree of stability has returned to parliament. Weak oil prices […]
Read more »Courtesy of STRATFOR (subscription required), an interesting look at the Islamic State’s oil production: Oil production is a crucial source of income for the Islamic State. As of March, it accounted for nearly half of the group’s total revenue, bringing in roughly $20 million each month. Beyond providing funds, oil refining is also a much-needed […]
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