Source AK News
In June 2012, the Fraser Institute issued its latest report on investment in oil and gas around the world. The paper was based upon a survey of several hundred executives from the hydrocarbon industry. Iraq ranked near the bottom in almost every category. This souring of opinion on Iraq is quite a change as previously energy companies were eager to get into Iraq’s petroleum market since it had been cut off for over a decade by international sanctions. Now that some businesses have gotten a taste of working there they have found it difficult, and concerns about security and political instability are also pressing issues. For those reasons, Iraq ranked in the bottom ten in the opinion poll, which could limit future investment in the country’s oil and gas sector.
Read the full article Iraq Ranks As One Of The Worst Countries To Invest In For Oil And Gas
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