Iraqi Oil Problems are Global Oil Problems
The
Iraqi government said Wednesday it was pulling back from its plans to
increase oil production dramatically within the next five years.
Baghdad, beginning in 2008, has brought in international investors
despite lingering violence and protracted political concerns. A report
from the International Energy Agency had said the Iraqi oil sector
"holds the key" to the country's future. The obstacles to major
developments in the energy sector, however, are "formidable." During a
visit to Moscow, Iraqi Prime Minister Nouri al-Maliki helped…Read more...http://oilprice.com/Energy/Crude-Oil/Iraqi-Oil-Problems-are-Global-Oil-Problems.html
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