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Iraq is making progress. It is now pumping out 3 million barrels of oil per day for the first time since 1979, it is about to host the Arab League Summit, and its plan to build 2 million new homes is moving ahead.
So why have shares in Iraq-focused oil shares taken a bashing this week?
Part of the reason is a report from HSBC highlighting the political risk in the country:
“After years of conflict, the Iraqi oil industry has opened for business … the country has huge reserves … [but] politics is likely to impair value.“
In other words, prosperity is there for the taking if the politicians and public servants don’t mess it up.
On a rather different subject, Iraq Business News is delighted to welcome a new member to our Expert Blogger panel: Bob Nottelmann has helping the Iraqi agricultural sector and will write for us on Iraqi agribusiness. You can read his first installment here.
Upper Quartile and AAIB are the ideal partners to guide your business through the complexities of Iraqi life. For more information please contact Gavin Jones or Adrian Shaw.
[You must be registered and logged in to see this link.]
So why have shares in Iraq-focused oil shares taken a bashing this week?
Part of the reason is a report from HSBC highlighting the political risk in the country:
“After years of conflict, the Iraqi oil industry has opened for business … the country has huge reserves … [but] politics is likely to impair value.“
In other words, prosperity is there for the taking if the politicians and public servants don’t mess it up.
On a rather different subject, Iraq Business News is delighted to welcome a new member to our Expert Blogger panel: Bob Nottelmann has helping the Iraqi agricultural sector and will write for us on Iraqi agribusiness. You can read his first installment here.
Upper Quartile and AAIB are the ideal partners to guide your business through the complexities of Iraqi life. For more information please contact Gavin Jones or Adrian Shaw.
[You must be registered and logged in to see this link.]
