Carving Up Iraq, Barrel by Barrel
Iraq’s
latest energy auction was a flop, and while major international
companies balked at everything from unattractive contract terms to
security concerns, the failure of the auction highlights how the
struggle for power between north and south is shaping the future of
energy in the region and beyond. Earlier this week, Iraq held its fourth
round of energy auctions with disappointing results that reflect the
global gas glut, the rise of unconventional oil and gas and some very
particular geopolitical maneuverings. During the two-day auction…Read more...
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