Iraq is being torn by sectarian strife, but its oil revenues serve as a political shock absorber, upholding the present political system. Expansion of oil production is slow and the autonomous region of Kurdistan is proving the most stable environment for Western companies. In the second of a two-part series, Professor Amatzia Baram looks at Iraq’s economy and says foreign entrepreneurs seeking attractive opportunities in the rest of the country should approach the provincial authorities and local sheikhs (elders).

IRAQ'S officially proven oil reserves are approaching 115 billion barrels. In 2013 the Iraqi Ministry of Oil reported an increase to 143 billion barrels. If this is correct...

Unlock the report
8.95 EUR
Secure, instant payment by credit card
Professor Dr. Amatzia Baram
Iraq is a rich country, even though it depends almost entirely on the vagaries of oil prices and its foreign currency reserves are sufficient only for one budget year
read more about it in the report
Who will benefit?
  • Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
  • Also considered useful for the administrative university facilities, to better understand the possibe effects of current decisions.
By clicking "I Agree" below, you acknowledge that you accept our Privacy Policy and Terms and Conditions. Feel free to check out our policies anytime for more information.
I agree